Unitech Wireless (Tamil Nadu) Pvt
Ltd was ineligible for 2G licences and by offloading shares
immediately after getting licences it bagged huge wrongful
profits, a Delhi court said while putting on trial the company.
The "ill-conceived" design of first-come-first-served policy to be followed by former telecom minister A Raja in the allocation of 2G spectrum was known to Swan Telecom and Unitech Wireless three months in advance, CBI has said.
Shares of Unitech, rose by 2.35 per cent on the Bombay Stock Exchange in late morning trade on Tuesday, a day after the government approved Telenor`s proposal for hiking stake in joint venture Unitech Wireless.