 "Reliance Communications gains on FII buying")
Reliance Communications was up 5% at Rs 49.40 on the National Stock Exchange (NSE) in intra-day trade after the foreign institutional investors (FII) bought nearly 1% stake in Anil Ambani Group telecom company for about Rs 87 crore through open market.
On Tuesday, May 31, 2016, Integrated Core Strategies (Asia) Pte. had purchased 18.48 million equity shares representing 0.74% of total equity of Reliance Communications at Rs 46.96 per share via bulk deal, as per NSE data.
The name of the sellers not immediately ascertained.
At 10:49 AM, the stock was up 4.5% at Rs 49.10 on the NSE. A combined 14.45 million shares changed hands on the counter on the NSE and BSE.
On Tuesday, May 31, 2016, Integrated Core Strategies (Asia) Pte. had purchased 18.48 million equity shares representing 0.74% of total equity of Reliance Communications at Rs 46.96 per share via bulk deal, as per NSE data.
The name of the sellers not immediately ascertained.
At 10:49 AM, the stock was up 4.5% at Rs 49.10 on the NSE. A combined 14.45 million shares changed hands on the counter on the NSE and BSE.