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  1. Unitech, DB Realty rally up to 20 pct after 2G case verdict

Unitech, DB Realty rally up to 20 pct after 2G case verdict

Shares of companies linked to the 2G spectrum scam case surged up to 20 per cent today after a special court acquitted all the accused.

By: | New Delhi | Published: December 21, 2017 3:37 PM
2G case verdict, 2g scam, Unitech, DB Realty , stock markets, stock markets in india Fifteen other accused in the case and three companies were also set free. (IE)

Shares of companies linked to the 2G spectrum scam case surged up to 20 per cent today after a special court acquitted all the accused. Unitech surged 19.91 per cent, D B Realty 19.89 per cent, Reliance Communications 13.49 per cent and Sun TV Network 5.98 per cent on the BSE. Former telecom minister A Raja and DMK MP Kanimozhi were today acquitted by a special court in the 2G spectrum scam case. Fifteen other accused in the case and three companies were also set free.

Others acquitted in the case are former telecom secretary Siddharth Behura, Raja’s erstwhile private secretary R K Chandolia, Swan Telecom promoters Shahid Usman Balwa and Vinod Goenka, Unitech Ltd MD Sanjay Chandra and three top executives of Reliance Anil Dhirubhai Ambani Group (RADAG) — Gautam Doshi, Surendra Pipara and Hari Nair. Besides them, three telecom firms — Swan Telecom Pvt Ltd (STPL), Reliance Telecom Ltd and Unitech Wireless (Tamil Nadu) Ltd — were acquitted in the case.

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