At 1:55 pm, Reliance Communications was quoting at Rs 725, up Rs 7.20, or 1%. It has touched an intraday high of Rs 730 and an intraday low of Rs 710.15.
According to sources the company has acquired telecom license in Uganda to offer GSM services and is likely to invest USD 200 million, reports CNBC-TV18.
It was trading with volumes of 774,757 shares. Yesterday the share closed down 5.55% or Rs 42.15 at Rs 717.80.
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