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Reliance Comm talks in progress on unit stake sale: Anil Ambani

Last Updated: Tuesday, August 27, 2013 - 22:03

Mumbai: Reliance Communications Ltd's talks with potential partners for selling a stake in a unit that includes its undersea cable assets are in progress, Chairman Anil Ambani told shareholders on Tuesday.

He did not name any possible suitor.

Reliance Communications, India's third-biggest mobile phone operator by customers, said in April it was in talks with a private equity consortium that included Samena Capital for the stake sale, after talks with Bahrain Telecommunications Co (Batelco) BTEL.BH fell through.


First Published: Tuesday, August 27, 2013 - 22:03
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