GTL Infra's scrip gained 4.98 per cent to settle at Rs 3.16 on the BSE.
At the NSE, the stock moved up by 3.39 per cent to Rs 3.05.
RJIL yesterday signed a master services agreement for tower sharing with GTL Infrastructure which has a base of 27,800 towers across the country.
RJIL holds pan-India broadband wireless access (BWA) spectrum and is planning to launch commercial 4G telecom services in 2015.
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