R-COM fails to climb on Capgemini reports

MUMBAI: Reports of a possible takeover of French IT services group Capgemini failed to evoke positive sentiments in Reliance Communications. Shares of Reliance Communications were flat Friday at Rs 606. The stock touched a high of Rs 618.20 and low of Rs 595 in trade so far.

A report in the online edition of The Times on Thursday said that Anil Ambani-led Reliance Communications is looking for a possible takeover of the IT firm. It added that Reliance Communications has held early-stage talks with Capgemini. However, Reliance Communications declined to comment. On Thursday, Reliance Communications closed at Rs 609.75, up 9.26 per cent on the BSE.