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2G stocks rally up to 20% after 2G case verdict

Unitech surged 11.86%, D B Realty 19.89%, Reliance Communications 4.05% and Sun TV Network 4.51% on the BSE

Press Trust of India  |  New Delhi 

Former Telecom minister A Raja waves at his supporters after he was acquitted by a special court in the 2G scam case, in New Delhi
Former Telecom minister A Raja waves at his supporters after he was acquitted by a special court in the 2G scam case, in New Delhi. Photo: PTI

Shares of companies linked to the 2G spectrum scam case surged up to 20 per cent today after a special court acquitted all the accused. surged 11.86 per cent, 19.89 per cent, 4.05 per cent and 4.51 per cent on the BSE. Former telecom minister and DMK MP Kanimozhi were today acquitted by a special court in the 2G spectrum scam case.

Fifteen other accused in the case and three companies were also set free. Others acquitted in the case are former telecom secretary Siddharth Behura, Raja's erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, Ltd MD Sanjay Chandra and three top executives of Reliance Anil Dhirubhai Ambani Group (RADAG) -- Gautam Doshi, Surendra Pipara and Hari Nair. Besides them, three telecom firms -- Swan Telecom Pvt Ltd (STPL), Reliance Telecom Ltd and Wireless (Tamil Nadu) Ltd -- were acquitted in the case.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, December 21 2017. 16:25 IST
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