Reliance Industries Denies BT Group Bid Intent
November 29 2021 - 6:16AM
Dow Jones News
By Ian Walker
India's Reliance Industries Ltd. on Monday denied that it was
considering a bid for U.K. telecom group BT Group PLC.
Responding to a report in The Economic Times, Reliance said that
it "categorically" denied any intent to make a bid for BT and that
the article was "completely speculative and baseless."
Shares in BT rose as much as 9.5% in early trade. They are
currently up 8.80 pence, or 5.7%, at 162.80 pence having peaked at
168.60 pence earlier in the session.
The Economic Times reported earlier Monday that Reliance was
weighing a bid for BT, citing unnamed sources.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
November 29, 2021 06:01 ET (11:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Bt (LSE:BT.A)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bt (LSE:BT.A)
Historical Stock Chart
From Apr 2023 to Apr 2024
