RCom is in talks with the Indian telecom arm of Sistema Shyam TeleServices for a possible merger through a stock swap.
Reliance Communications (RCom) has rallied 3 percent to touch a high of Rs. 60.60 on merger buzz with Sistema's Indian arm.
According to media reports, RCom is in talks with the Indian telecom arm of Sistema Shyam TeleServices for a possible merger through a stock swap.
The stock has pared some gains and is now up 1.3 percent at Rs. 59.60. The counter has seen trades of around 453,000 shares as against the two-week daily average volume of around 1.55 million shares on the BSE.
Meanwhile, the Sensex has plunged 93 points to 26,493.
According to media reports, RCom is in talks with the Indian telecom arm of Sistema Shyam TeleServices for a possible merger through a stock swap.
The stock has pared some gains and is now up 1.3 percent at Rs. 59.60. The counter has seen trades of around 453,000 shares as against the two-week daily average volume of around 1.55 million shares on the BSE.
Meanwhile, the Sensex has plunged 93 points to 26,493.
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