Sensex surges more than 700 points led by gains in financial stocks
The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.
Shares of Reliance Communications soared over 14 per cent on Tuesday amid reports that lenders of the debt ridden firm have approved the sale of its real estate assets in Delhi and Chennai to a Canada-based company.
The stock surged 14.10 per cent to Rs 13.75 on BSE.
On NSE, shares of the company zoomed 14.10 per cent to Rs 13.75.
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“Lenders have approved sale of real estate assets RCom holds in Delhi and Chennai for Rs 801 crore to Brookfield,” a source privy to the development told PTI on Monday on condition of anonymity.
Brookfield is Canada-based asset management firm.
When contacted RCom declined to comment on the development, while email query sent to Brookfield elicited no reply.
The proceeds will be used for retiring debts, the source said.
RCom is reeling under Rs 45,000 crore debt.
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