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Reliance Industries gains ahead of annual meet

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Reuters
Last Updated : Jun 05 2013 | 5:05 PM IST

Reuters Market Eye - Shares in Reliance Industries gain ahead of its annual general meeting on Thursday amid speculation the company may have new announcements about a potential tie-up with Reliance Communications Ltd .

Reliance Industries, which operates in the telecoms sector via unit Reliance Jio Infocomm, gains 2.8 percent, while Reliance Communications is up 5.4 percent.

Both companies announced a fibre optic network sharing deal in April.

Other companies controlled by billionaire Anil Ambani - who controls Reliance Communications - also gain.

Reliance Infrastructure Ltd gains 1.3 percent, Reliance Capital Ltd is up 1.5 percent, while Reliance Power Ltd is up 1.7 percent.

(Reporting by Abhishek Vishnoi)

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First Published: Jun 05 2013 | 4:49 PM IST

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