Tata Tele, RCom shares surge up to 7% amid merger buzz

Shares of Tata Teleservices and

Reliance Communications surged up to 7 per cent today amid

reports of merger talks.

The scrip of Tata Teleservices (Maharashtra) Ltd jumped

6.62 per cent to end at Rs 6.44 on BSE. During the day, it

zoomed 10.43 per cent to Rs 6.67.

Shares of Reliance Communications rose by 4.37 per cent

to close at Rs 34.60. Intra-day, it gained 6.93 per cent to Rs

35.45.

As per media reports, the union will see Tata Tele join

the merged entity of RCom-Aircel and MTS.

Meanwhile, BSE has sought clarification from both the

companies with reference to the report that Tata Tele is in

early talks to join RCom Aircel MTS combine.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)