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Reliance shares soar after Ambanis seek 'Harmony'

Tuesday, 25 May 2010


NEW DELHI, May 24 (Bloomberg): Mukesh Ambani's Reliance Industries Ltd and companies controlled by Anil Ambani surged in Mumbai, adding $4 billion in market value, after the brothers moved to end a five-year feud that split India's second-biggest group.
Reliance Industries, operator of the world's largest refinery, gained as much as 5.4 per cent.