French utility
Electricite de France (1024251.FR) Monday said it has not bought a 5% stake in India's
Reliance Power Ltd. (532939.BY).
India's
Business Standard had reported that EdF is close to buying a 5% stake in the
company, citing unnamed sources and providing no further details.
"EdF denies taking a 5% stake in Reliance Power," a spokeswoman for
the company told Dow Jones Newswires, when asked whether EdF is close to taking
a 5% stake in the Indian company.
The spokeswoman declined to comment on whether EdF is interested in taking a
stake, or whether it is in negotiations to do so.