Business Standard

RCom, Unitech, DB Realty gain as execs get bail

Press Trust of India  |  Mumbai 

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.

RECOMMENDED FOR YOU

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, 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.

image

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Anant Raj 42.10 15.34
Sequent Scien. 159.00 10.96
CCL Products 214.90 10.80
Rolta India 84.95 10.68
Eros Intl.Media 221.30 6.45
> More on BSE Gainers
Company Price() Chg(%)
Anant Raj 42.10 15.18
BGR Energy Sys. 118.15 11.46
Rolta India 85.15 10.80
CCL Products 214.10 10.39
Eros Intl.Media 222.05 6.70
> More on NSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.90 -9.66
Vinati Organics 462.25 -5.24
Marico 255.20 -4.46
Century Textiles 611.70 -4.20
Amtek Auto 36.70 -4.18
> More on BSE Gainers
Company Price() Chg(%)
TVS Motor Co. 287.45 -9.88
Vinati Organics 461.65 -5.24
Marico 254.50 -4.82
Intellect Design 223.75 -4.56
Amtek Auto 36.70 -4.18
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard