Shares of cable TV and broadband service providers Hathway Cable & Datacom and DEN Networks Ltd jumped 8.16 per cent and 7.82 per cent, respectively.
According to a media report, Reliance Industries Ltd (RIL) could buy controlling stakes in the two companies to boost its high-speed broadband network. RIL is likely to own more than 25 per cent in Hathway and DEN, the report added.
RIL, the parent company of Reliance Jio, had unveiled its fibre broadband system JioGigaFiber in July to make deeper inroads into the country's wireless and fixed-line internet industry.
Hathway's stock shot up to a 3-month high on October 4 after media reports said that RIL in talks to buy the company; both companies said they will not comment on speculation. Hathway, DEN and RIL were not immediately available for a comment. RIL shares were up as much as 0.81 per cent at Rs 1,149.00.