Reliance company reported net loss of 1283 Crores. Reliance Communications is looking to raise nearly Rs 11,000 crore by monetising prime properties in Mumbai and Delhi

Reliance company reported net loss of 1283 Crores. Reliance Communications is looking to raise nearly Rs 11,000 crore by monetising prime properties in Mumbai and Delhi

NEW DELHI: Shares of Reliance CommunicationsBSE 5.47 % advanced over 4 per cent in Thursday’s trade on reports that it has started the process to monetise its real estate assets in Delhi and Mumbai as part of its efforts to pare its Rs 45,000-crore debt.

Following the development, shares of Reliance Communications surged 4.56 per cent to Rs 20.65 on BSE. The scrip opened at Rs 19.80 and touched an intraday high and low of Rs 20.75 and Rs 19.80, respectively, in trade so far.

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