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RCom, Unitech, DB Realty gain as execs get bail

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Shares of Reliance Communications, and today soared by as much as 20% on the bourses, after the Supreme Court ordered grant of bail to the senior executives of these companies.

Cheering the news, shares of DB Realty skyrocketed 19.96% to its highest permissible limit for the day at Rs 64.60 on the BSE.

Soon after the court direction, the Unitech stock also soared 9.86% to Rs 24.50 and jumped 6.93% to a high of Rs 74.80.

In the first bail in the ongoing 2G spectrum case, the Supreme Court this morning ordered release of five corporate executives -- Unitech's Sanjay Chandra, Director and DB Realty MD Vinod Goenka and Anil Ambani-led Reliance Group executives Hari Nair, Gautam Doshi and Surrendra Pipara.

They have been asked to furnish two sureties of Rs 5 lakh each to the satisfactiion of the special judge holding the trial of the case as bail condition.

The five executives were arrested on April 20.

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RCom, Unitech, DB Realty gain as execs get bail

Shares of Reliance Communications, Unitech and DB Realty today soared by as much as 20% on the bourses, after the Supreme Court ordered grant of bail to the senior executives of these companies.

Shares of Reliance Communications, Unitech and DB Realty today soared by as much as 20% on the bourses, after the Supreme Court ordered grant of bail to the senior executives of these companies.

Cheering the news, shares of DB Realty skyrocketed 19.96% to its highest permissible limit for the day at Rs 64.60 on the BSE.

Soon after the court direction, the Unitech stock also soared 9.86% to Rs 24.50 and Reliance Communications jumped 6.93% to a high of Rs 74.80.

In the first bail in the ongoing 2G spectrum case, the Supreme Court this morning ordered release of five corporate executives -- Unitech\'s Sanjay Chandra, Swan Telecom Director and DB Realty MD Vinod Goenka and Anil Ambani-led Reliance Group executives Hari Nair, Gautam Doshi and Surrendra Pipara.

They have been asked to furnish two sureties of Rs 5 lakh each to the satisfactiion of the special judge holding the trial of the case as bail condition.

The five executives were arrested on April 20.

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