Mumbai: Shares of Reliance Communications (RCom) and Mukesh Ambani-led Reliance Industries Limited (RIL) over four per cent in the early morning trade amid exclusive discussion between the ADA Group firm and South African telecom entity MTN coming to an end today.
Shares of Anil Ambani-led Reliance Communications today dropped 5.89% from previous close of Rs419.80 to touch an intra-day low of Rs395.05. The scrip opened at Rs410 and touched a high of Rs414.70. It was later trading at Rs412.65, down Rs7.15 from the previous close .
Meanwhile, shares of Reliance Industries dropped 4.34% 7 July’s close of Rs2,028.15 to touch a low of Rs1,940.10.
The scrip opened at Rs2,000, which was also its day’s high. It was later trading at Rs1,953.50, down Rs74.65 from last close.
Earlier on 26 May, RCom had announced the start of 45-day exclusive negotiations for a possible deal with MTN.