Share sale to institutions approved: RComm

Reuters
Posted: Friday, Jul 03, 2009 at 1105 hrs IST
Updated: Friday, Jul 03, 2009 at 1105 hrs IST

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New Delhi: Reliance Communications, India's No. 2 mobile operator, said on Friday it has got shareholders' approval to raise funds via a share sale to institutions.

The company did not say how much it was planning to raise, but said in a notice to the stock exchange an "enabling resolution" was passed by shareholders through a postal ballot.

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