Shares in Reliance Communications rose more than 3 per cent on Monday after a Financial Times report Emirates Telecommunications(Etisalat) was close to buying 26 per cent stake in the Indian firm.
'Etisalat close to buying 26% in RComm'
At 0340 GMT, shares in Reliance were up 3.3 per cent at 193.25 rupees, while the Mumbai market was down 0.2 per cent.
