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Wednesday, June 2, 2010

Reliance Comm: getting proposals to invest in equity

"The company evaluates such proposals, in line with the company's policy to constantly endeavour to enhance overall shareholder value," the No. 2 Indian telecoms firm said in a statement to the stock exchange.Earlier, a newspaper report said Abu Dhabi's Etisalat was in advanced talks to buy a quarter of Reliance Communications for 180 billion rupees ($3.8 billion).

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