NEW DELHI: Shares of Reliance Communications additional zoomed 10 per cent to hit the absolute best trading permissible restrict for the second one day in a row on Wednesday after the corporate cleared dues of Swedish service supplier Ericsson. The scrip rose sharply by means of 10 per cent to Rs 4.84 -- its higher circuit restrict -- on the BSE.
On NSE, stocks complex nine per cent to Rs 4.80.
On the traded volume front, 150.71 lakh stocks have been traded on BSE and over 3 crore stocks changed fingers on NSE. Shares of the corporate had zoomed 10 per cent on Tuesday too.
Embattled billionaire Anil Ambani on Monday warded off a possible jail term as RCom cleared dues of Ericsson with the cash gained from elder brother Mukesh and his spouse Nita, whom he thanked for standing by means of him in attempting times and increasing "timely support".
Anil's heavily debt-laden Reliance Communications made a Rs 550-crore cost, including interest, to Ericsson only a day ahead of expiry of the time limit set by means of the Supreme Court to clear dues or face a three-month jail term.
In a remark, RCom mentioned the cost of Rs 550 crore dues to Ericsson, including interest dues, has been made in compliance with the Supreme Court judgement.
On NSE, stocks complex nine per cent to Rs 4.80.
On the traded volume front, 150.71 lakh stocks have been traded on BSE and over 3 crore stocks changed fingers on NSE. Shares of the corporate had zoomed 10 per cent on Tuesday too.
Embattled billionaire Anil Ambani on Monday warded off a possible jail term as RCom cleared dues of Ericsson with the cash gained from elder brother Mukesh and his spouse Nita, whom he thanked for standing by means of him in attempting times and increasing "timely support".
Anil's heavily debt-laden Reliance Communications made a Rs 550-crore cost, including interest, to Ericsson only a day ahead of expiry of the time limit set by means of the Supreme Court to clear dues or face a three-month jail term.
In a remark, RCom mentioned the cost of Rs 550 crore dues to Ericsson, including interest dues, has been made in compliance with the Supreme Court judgement.
RCom shares continue to gain, rally 10%
![RCom shares continue to gain, rally 10%]()
Reviewed by Kailash
on
March 20, 2019
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