Shares of companies linked to the 2G spectrum allocation case surged up to 20 per cent today after a special court acquitted all the accused.
D B Realty zoomed 19.89 per cent to end at Rs 43.70 -- its highest trading permissible limit for the day -- on BSE.
Shares of Unitech soared 11.86 per cent to close at Rs 7.92, Sun TV Network went up by 4.51 per cent to Rs 982.10, Reliance Communications rose by 4.05 per cent to Rs 17.97 and Essar Shipping gained 2.15 per cent to Rs 28.55.
Former telecom minister A Raja, DMK MP Kanimozhi and all other accused were today acquitted in the politically- sensitive 2G spectrum allocation scam cases by a special court which held that the prosecution "miserably failed" to prove the charges.
The fifteen other accused allowed to walk free include former Telecom Secretary Siddharth Behura, Raja's erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, Unitech Ltd MD Sanjay Chandra and three top executives of Reliance Anil Dhirubhai Ambani Group (RADAG) -- Gautam Doshi, Surendra Pipara and Hari Nair.
The Reliance Anil Dhirubhai Ambani Group welcomed the judgement of the special court acquitting its three top executives and Reliance Telecom Ltd.
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