Shares of Reliance Communications Ltd jump as much as 19.3 pct to 24.75 rupees - biggest intraday pct gain since Feb 3.
Shares gain on expectations that the National Company Law Tribunal will admit petitions to complete Aircel, Brookfield deals, raising the likelihood of an approval.
Telecom carrier announced deals last year to merge its wireless business with Aircel and to sell a stake in its mobile masts business to Canada's Brookfield Infrastructure.
Company posted its third straight quarterly loss on Saturday as its heavy debt load, price war triggered by an upstart rival weighed on sales and profit.
More than 54 mln shares change hands versus 30-day moving avg of 20.2 mln.
Up to Friday's close, stock has fallen 39 pct this year.
