Unitech rises 2 pct in early trade

Shares of Unitech,the country’s second largest realty firm,rose by 2.35 per cent on the Bombay Stock Exchange in late morning trade on Tuesday,a day after the government approved Norwegian firm Telenor’s proposal for hiking stake in joint venture Unitech Wireless to 74 per cent.

Unitech Wireless is a telecom joint venture between the realty firm and Telenor.

The scrip was quoted at Rs 106.70 on BSE at 1100 hrs,up 2.35 per cent over its previous close.

The shares rose by 2.49 per cent