Reliance Communications brings equity blockbuster

The cellular operator completes India's largest ever private sector corporate equity deal in rupee terms amid a growing rapprochement between the Ambani brothers.
Anil Ambani (left) and his brother Mukesh
Anil Ambani (left) and his brother Mukesh
June 26, 2014

Anil Ambani's Reliance Communications (RCOM) raised Rs61 billion ($1.017 billion) on Wednesday via an accelerated qualified institutional placement (QIP) and warrants issue. 

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