RIL gains after Jio raises spectrum holding by 55%

Reliance Industries (RIL) rose 1.22% to Rs 2132 after the company said that its telecom unit Reliance Jio has successfully acquired the right to use spectrum in all 22 circles across India.

In a BSE filing made after market hours on Tuesday (2 March 2021), RIL said that Reliance Jio Infocomm, a subsidiary of the company, had successfully acquired the right to use spectrum in all 22 circles across India in the recently concluded spectrum auctions conducted by Department of Telecommunications, Government of India.