Tata Communications leads gainers in 'A' group

Amara Raja Batteries, Jain Irrigation Systems, DLF and Ranbaxy Laboratories are among the other gainers.

Telecommunications company Tata Communications surged 7.66% to Rs 202.50 after Vodacom and the shareholders of Neotel announced that they have entered into exclusive discussions regarding a potential acquisition of 100% of the shares of Neotel by Vodacom SA. Tata Communications, which has a strategic investment in Neotel, made the announcement after market hours on Monday, 30 September 2013. Tata Communications topped the gainers in the BSE's 'A' group.

Separately, Tata Communications before market hours today, 1 October 2013, announced an agreement with Arkadin, one of the world's largest and fastest growing collaboration service providers. Arkadin has become an official APAC provider of Tata Communications' recently launched jamvee conferencing -0 an on-demand unified communication service which enables, for the first time, anyone, anywhere, to instantly access a business video meeting on any device. The partnership agreement with Arkadin will first roll-out in Australia and New Zealand followed by the rest of the Asia Pacific region, Tata Communications said in a statement.

Lead acid batteries maker Amara Raja Batteries spurted 7.41% to Rs 312.25. The stock was second biggest gainer in 'A' group.

Micro-irrigation products maker Jain Irrigation Systems galloped 6.82% to Rs 61.85. The stock was third biggest gainer in 'A' group.

Real estate major DLF jumped 6.58% to Rs 136.90. The stock was fourth biggest gainer in 'A' group.

Pharmaceutical company Ranbaxy Laboratories climbed 5.84% to Rs 350. The stock was fifth biggest gainer in 'A' group.

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