Reliance Communications shares surge 15% on deleveraging plans

Shares in Reliance Communications surged as much as 15 per cent amid a broad rally on Wednesday. Billionaire Anil Ambani promoted Reliance Communications' shares have gained sharply since the annoucement of a Rs 1,200-crore deal with the telecommunication unit of Reliance Industries last week. Traders said Reliance Communications' attempts to reduce large debts on its books are seen as a key trigger for the stock. Reliance Commu...