 "File photo of Anil and Mukesh Ambani Picture by Kamlesh Pednekar")
Reliance Communications (RCom) shares continued their rally for the fourth straight session on Friday, ending 17 per cent higher after Mukesh Ambani stepped in to bail out the debt-ridden firm by acquiring spectrum, tower, optical fibre network and other assets.
The stock surged 16.99 per cent to settle at Rs 36.22 on BSE. During the day, it soared 34.91 per cent to Rs 41.77 — its 52-week high. At NSE, shares of the company jumped 16.99 per cent to close at Rs 36.15.
In terms of equity volume, 77.077 million shares of the company were traded on BSE and over
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