News: Anil Ambani ups stake in Reliance Communications

(PTI 03/08/2006) Mumbai - Anil Dhirubhai Ambani has picked up 1.51 per cent stake in his group company Reliance Communications Ltd (RCL) through open market transactions, taking his total stake in the company to 43.8 per cent.

Anil Ambani, along with PACs (persons acting in concert) Tina A Ambani, Jaianmol A Ambani, Jaianshul A Ambani, Kokila D Ambani, Anadha Enterprise, Bhavan Mercantile, AAA Global Business Management, AAA Communications, Hansdhwani Trading Company, Sonata Investments, Reliance Capital and Reliance General Insurance Company, has acquired over 1.85 crore shares aggregating to 1.51 per cent of the total paid up capital of RCL from June 23 up to August 2.

Following the latest acquisitions, the stake of Anil Ambani along with the PACs in Reliance Communications stands at over 53.58 crore shares aggregating to 43.8 per cent of the company's total paid up capital, up from 42.29 per cent previously, RCL informed the National Stock Exchange.