Reliance Comm shares up more than 1 pct

NEW DELHI: Shares in Reliance Communications rose more than 1 per cent on expectations of a stake sale in India's No 2 mobile operator, even after AT&T denied media reports it was in talks with the Indian firm. At 9:02 am, Reliance Comm shares were trading up 1.1 per cent at Rs 177.90 in a Mumbai market that was up 0.2 per cent. For a related story, see Reliance Comm shares have risen 26 per cent in the last four sessions, as talks swirled about a possible stake sale deal. At Monday's close, the shares were valued at $7.7 billion, according to Thomson Reuters data.