Unitech strengthens as Telenor hikes stake in telecom JV

By admin, February 15, 2010 11:00 am

Unitech rose 3.12% to Rs 74.40 at 9:57 IST on BSE, extending gains for the second consecutive day, after Telenor bought a further 7.15% stake in telecom joint venture Unitech Wireless by pumping in additional Rs 2022 crore of fresh equity.

Unitech made this announcement during trading hours on Wednesday, 10 February 2010, when the stock had gained 1.55% to Rs 72.15. Source

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