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Our Bureau

Mumbai , July 11

THE Anil D Ambani Enterprises group has put to rest all the rumours floating in the market over its aggressive acquisition plans.

In separate notices to BSE, Reliance Capital and Reliance Energy clarified that it has no plans to acquire companies whose names have been floating in the market.

The group has no plans to acquire: Crest Animation, Saregama, Shringar Cinema, IndusInd Bank and Jyoti Structures, the notice to the stock exchange said.

Stock prices of all these companies have been soaring on rumours that Reliance Capital and Reliance Energy will take stake in these companies similar to the announcement made in Adlabs.

After today's announcement the stock price of all these companies fell.

The stock price of music company Saregama rose 20 per cent in the last one week. However, the stock fell 1.05 per cent at Rs 188.10 today on the BSE.

Similarly, Crest Animation rose 28.40 per cent in a week's time. It closed at Rs 172.05, down 2.16 per cent today.

Shringar Cinema, which is into film production and multiplexes, rose 7.19 per cent. It closed 6.7 per cent down at Rs 68.20.

IndusInd Bank rose 7.19 per cent last week. It closed at Rs 76, up marginally from previous close.

Jyoti structures rose 15 per cent in the last one week. In today's trading, it was down 7.35 per cent to close at Rs 253.20.

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