The stock rose as much as 7.7 percent to Rs 144 per share on BSE.
The company is planning to divest the entire stake in Reliance Broadcast Network Limited (RBNL) to Jagran Prakashan-owned Music Broadcast Ltd (MBL).
Recently, Reliance Capital also signed an agreement with Nippon Life to sell its stake in Reliance Mutual Fund for around Rs 6,000 crore.
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