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Sep 04, 2012, 04.05 PM IST
Shares in Reliance Communications Ltd, India's second-biggest telecoms carrier by customers, were up more than 5% after its chairman, Anil Ambani said it will explore options, including selling a stake in its tower arm to pare debt.
Shares in Reliance Communications , India's second-biggest telecoms carrier by customers, were up more than 5% after its chairman, Anil Ambani said it will explore options, including selling a stake in its tower arm to pare debt.
With a net debt of USD 6.4 billion as of June, Reliance Communications has so far been unsuccessful in its efforts to raise funds through asset sales. At 0937 GMT shares in Reliance were up 5.1% at Rs 50.30, outperforming the wider Mumbai market that was up 0.4%.
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