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RIL not in talks to buy stake in Aircel: report

RIL not in talks to buy stake in Aircel: report
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First Published: Thu, Jul 14 2011. 04 33 PM IST
Updated: Thu, Jul 14 2011. 04 33 PM IST
New Delhi: Billionaire Mukesh Ambani-controlled Reliance Industries Ltd is not in talks to acquire a majority stake in Indian wireless service provider Aircel Ltd, the Wall Street Journal said on its website, citing a person familiar with the matter.
An unidentified Aircel spokesman described the stake sale report as a baseless rumour, according to the Journal report.
ET Now Television channel had reported Reliance is inspecting the assets of Aircel to buy a 74% stake, the report said.
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First Published: Thu, Jul 14 2011. 04 33 PM IST