Anil Ambani-promoted Reliance Communications (RCom) rose 8.31 per cent to close at Rs 577.04 a share after Reliance Infocom BV, a wholly-owned subsidiary of RCom and a division of Reliance Globalcom, acquired a controlling stake in UK-based eWave World.

<tr><td><p class='TableClas'></p><P class='TableClas'> <DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>The stock touched a high of Rs 580 and a low of Rs 533.2 in intra-day trades. Over the next 2-3 years, Reliance Globalcom, through the acquired company, would invest around $500 million (Rs 2,000 crore) to build and acquire WiMAX networks in emerging markets. </P></p></table>


RCom high on UK acquisition

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