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Reacting to the reports, the Mukesh Ambani-led energy major plummeted 4.29 per cent to Rs 987.20 a piece on the Bombay Stock Exchange.

The company's stock advanced by 6.61 per cent to Rs 108 on Bombay Stock Exchange, while on National Stock Exchange the stock surged 7.23 per cent to Rs 109 a piece.
According to media reports, the brokerage firm said the RCom stock is currently trading below Rs 120, which makes it an attractive acquisition candidate.
Reliance Infrastructure scrip opened the day on a firm note and gained up to 5.73 per cent to Rs 648.80 a share on the Bombay Stock Exchange.
Following the seventh round of benchmark rate hikes in 2010-11, stocks of rate-sensitive sectors - banking, auto and realty - have seen fall in prices.
After opening trade on a weak note, the stock went down 2.74 per cent to an early low of Rs 1,218.35 on the Bombay Stock Exchange.
Indian stocks on Friday survived a tsunami scare with the BSE benchmark Sensex recouping to some extent day's sharp losses but still ended with a loss of 154 points.
The scrip of the realty player shot up by 8.39 per cent to Rs 36.80 on BSE. In a similar fashion, the stock zoomed 8.24 per cent to a month's high at Rs 36.75 on NSE.
In India, the Sensex fell 272 points to close at 18,167.64, after trading between 18,326.33 and 17,920.55 during the session.
The company's stock closed at Rs 561.80, 9.72 per cent higher than it's previous close of Rs 512.05. The BSE benchmark Sensex closed with a high of 265.39 points.
The stock opened trade at Rs 80, reflecting a jump of 14.28 per cent over the issue price on BSE. Within minutes of trade, the scrip skyrocketed by 49.21 per cent.