Anil Ambani-led Reliance Group firms on Friday surged by up to 6 per cent on the Bombay Stock Exchange in line with the overall uptrend in the stock market.
Reliance Capital , which on Thursday, signed a deal for exploring stake sale in its mutual fund and other businesses to Japan's Nippon Life, settled 5.77 per cent higher at Rs 406.65 on BSE.
Expanding its partnership with Nippon Life, Reliance Capital on Thursday signed a deal for exploring stake sale in its mutual fund and other businesses to the Japanese major to which it has already sold 26 per cent equity in the life insurance venture.
A Memorandum of Understanding (MoU) was signed on Thursday in Tokyo between Reliance Capital (R-Cap) Chairman Anil Ambani and Nippon Life President Yoshinobu Tsutsui for strengthening of the business relationship between the two companies.
Extending its gaining streak for the third straight session, Reliance Communications closed 6.29 per cent higher at Rs 84.45 a piece on BSE.
Among other group companies, Reliance MediaWorks gained 5.16 per cent, while Reliance Infrastructure's shares went up by 3.27 per cent and that of Reliance Broadcast Network shares ended 2.94 per cent higher.
Meanwhile, Reliance Power settled in the negative terrain with a loss of 0.18 per cent.
The BSE benchmark Sensex settled at 16,821.46, up 144.71 points.
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ADAG chief Anil Ambani 
Special 
