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RPT-India's Unitech shares rally; reaches settlement on Uninor JV

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MUMBAI, Oct 11 (Reuters) - Unitech shares rose as much as5.6 percent on Thursday after the company said it has agreed todispose of its shareholding in its mobile joint venture Uninorafter reaching a settlement with partner Telenor

ontheir legal dispute.

Unitech did not provide details of the settlement due toconfidentiality obligations.

Unitech shares were up 3.9 percent as of 0404 GMT.

(Reporting by Manoj Dharra, Abhishek Vishnoi; Editing by RafaelNam)

((manoj.dharra.reuters.com@reuters.net)(+91 22 61807243))

Keywords: MARKETS INDIA STOCK/UNITECH