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This is an archive article published on July 2, 2010

Rel Natural,Rel Power shares rise 4%

Shares in Anil Ambani-led RNRL and Reliance Power rose more than 4 percent.

Shares in Anil Ambani-led Reliance Natural Resources and Reliance Power rose more than 4 percent each on Friday on market talk the two firms may be merged,dealers said.

A spokeswoman for Anil Dhirubhai Ambani Group declined to comment when contacted by Reuters.

At 2:02 p.m. (0832 GMT),the Reliance Natural and Reliance Power were up 4 percent and 4.3 percent respectively,while the main stock index was trading 0.2 percent higher.

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