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RCom gains on Infratel sale reports

08:54 AM Jun 02, 2019 |

Mumbai Anil Ambani- controlled Reliance Communications gained 2 per cent in morning trade on the bourses on Wednesday amid media reports that US- based private equity firms TPG Capital and Carlyle Group are in talks t

o buy a stake in the companyalt39s tower unit, Reliance Infratel.

Shares of the company rose by 2 per cent to touch an early high of Rs 93.90 on the BSE, while on the NSE, the stock touched a peak of Rs 93.90, up 2 per cent from the previous close.

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On the volume front, over 23 lakh shares of the company changed hands on the bourses in the morning session.

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According to media reports, Reliance Communications has also received interest from Blackstone Group and London- based Apax Partners.

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