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

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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