At NSE, shares of the company jumped 16.99 per cent to close at Rs 36.15.
In terms of equity volume, 770.77 lakh shares of the company were traded on BSE and over 68 crore shares changed hands at NSE during the day.
In four days, shares of the company have zoomed 122 per cent adding Rs 5,506.76 crore to its market capitalisation.
While the two companies
did not disclose the deal size, banking sources pegged the transaction value at Rs 24,000- 25,000 crore.
The announcement came just two days after Reliance Communications - promoted by Anil Ambani - disclosed a new deal with the lenders under which nearly Rs 40,000 crore will be raised through the sale of assets, averting an imminent takeover by the 35 local and foreign banks.
The deal will bring an immediate relief to Reliance Communications (RCom), which is reeling under Rs 45,000 crore debt, and the company hopes to use the entire proceeds to pare its debt.
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