Reliance Communication is planing to reduce it debts by Rs 150 billion by FY15 end, according to media report.

As per reports, the company has appointed Jones Lang Lasalle, Richard Ellis and Knight Frank as consultants.

Shares of the company gained Rs 0.3, or 0.25%, to trade at Rs 118.40. The total volume of shares traded was 439,273 at the BSE (1.56 p.m., Wednesday).