Unitech shares recovered more than five per cent in early trade on the bourses today, after losing nearly 18 per cent yesterday.

The scrip opened on a weak note but soon witnessed some buying at lower levels and accordingly the stock was an early high of Rs 30.25, up 5.21 per cent from its last close on the BSE.

A similar trend was witnessed on the National Stock Exchange as well, where the stock opened at Rs 29 and rose to Rs 30.25, higher by 5.21 per cent from its previous closing price.

Unitech stock had tanked 17.86 per cent yesterday, after the CBI removed a public prosecutor from the 2G spectrum case to verify his alleged discussions on prosecution strategy with the realty firm’s Managing Director and an accused in the case, Sanjay Chandra, in a taped conversation.

Meanwhile, the CBI has taken voice samples of the sacked public prosecutor A.K. Singh and Managing Director of Unitech Sanjay Chandra for identification.

The tapes purportedly containing the voice of Singh and Chandra had been sent for forensic examination, the CBI officials said, adding that the voice samples of the two had also been taken but would be handed over only after the examination of the tapes was completed.

Unitech had, however, issued a statement rejecting the allegations saying Chandra had never met the prosecutor in the 2G case outside the court or had any phone conversation with him.

The company also denied that Chandra’s voice was on any alleged recording and said it appeared a fabricated voice recording had been sent anonymously to CBI.

“It is nothing but an attempt to malign him and prejudice his defence in the 2G case,” the company’s statement had said.

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