RIL not in talks to buy stake in Aircel: report1 min read . Updated: 14 Jul 2011, 04:33 PM IST
RIL not in talks to buy stake in Aircel: report
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.