RCom shares zoom 10%; hit upper circuit after payment to Ericsson

MUMBAI: Shares of Reliance Communications zoomed 10% today after the company cleared dues of a Swedish service provider at the eleventh hour.

The scrip jumped 10% to ₹4.40, its upper circuit limit, on the BSE.

At the NSE, shares rose sharply by 10% to ₹4.40.

Embattled billionaire Anil Ambani Monday warded off a possible jail term as RCom cleared dues of a Swedish service provider at the eleventh hour with money received from elder brother Mukesh and his wife Nita, whom he thanked for standing by him in trying times and extending “timely support”.

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