Reliance Industries gains ahead of annual meet

Reuters Market Eye - Shares in Reliance Industries gain ahead of its annual general meeting on Thursday amid speculation the company may have new announcements about a potential tie-up with Reliance Communications Ltd .

Reliance Industries, which operates in the telecoms sector via unit Reliance Jio Infocomm, gains 2.8 percent, while Reliance Communications is up 5.4 percent.

Both companies announced a fibre optic network sharing deal in April.

Other companies controlled by billionaire Anil Ambani - who controls Reliance Communications - also gain.

Reliance Infrastructure Ltd gains 1.3 percent, Reliance Capital Ltd is up 1.5 percent, while Reliance Power Ltd is up 1.7 percent.

 

(Reporting by Abhishek Vishnoi)