Unitech,DB Realty shares plunge

The report did not name the companies,but an official with the agency confirmed to Reuters that the companies were Swan Telecom,which is now called Etisalat DB,and Unitech Wireless,which have been charged in the case along with a unit of Reliance Communication .

Etisalat DB is a joint venture between Abu Dhabi’s Etisalat and the DB Group,parent of DB Realty. Unitech Wireless is a joint venture between Unitech and Norway’s Telenor .

In late morning trade,Unitech and DB Realty were down 6.8 per cent and 4.3 per cent respectively. Reliance Communications was down 1.8 per cent,while the broader market index was down 0.24 per cent.