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Anil Ambani group shares surge; pact with Reliance Industries' unit

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MUMBAI, April 2 | Tue Apr 2, 2013 3:46pm IST

(Reuters) - Shares in Anil Ambani group companies rose sharply after its telecom firm Reliance Communications Ltd entered into a pact with a unit of Mukesh Ambani's Reliance Industries Ltd. for sharing the company's optic fibre network, sparking speculation about a wider rapproachement among the brothers.
Reliance Communications provisionally closed 16.9 percent higher, while Reliance Infrastructure Ltd extended gains to 4.8 percent, and Reliance Capital Ltd gained 5.6 percent.
Mukesh Ambani-controlled Reliance Industries rose 2.1 percent.
(abhishek.vishnoi@thomsonreuters.cANAMIKASINGH            
PGDM 2nd sem         
3/4/2013