Anil Dhirubahai Ambani Group firm Reliance Communications on Thursday surged over nine per cent amid reports that the telecom service provider is planning to sell a 26 per cent stake in the company to foreign investors.In the morning trade on the Bombay Stock Exchange, the scrip surged 9.27 per cent over its previous close to a high of Rs 249.40.According to the reports, global investors, including telecom groups from the US and Europe, are in talks with the Anil Ambani-led R-ADAG to acquire around 20-26 per cent stake in Reliance Communications (RCOM).On the National Stock Exchange, the scrip soared 9.21 per cent to a high of Rs 249.55. Over 1.05 crore shares changed hands on the bourses.The report, quoting bankers, said that the transaction would be performed through secondary market transaction and that the promoters will not dilute their holding in the company. As of the September quarter, the promoters held 66.12 per cent stake in the company.Shares of RCOM were later trading at Rs 240.30, up 5.28 on the BSE and with a gain of 5.84 per cent at Rs 241.85 on the NSE.The BSE bellwether Sensex on Thursday slipped to the negative zone after opening firm as volatility gripped the market. The Sensex was quoting at 9,623 points, down 32 points in afternoon trade.
