RCom promoters pledge 2.41% shares with financial institution

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Reliance Communications promoters have pledged an additional 2.41 percent shares of the company with a financial institution, according to a regulatory filing.

According to a BSE filing, Reliance Wind Turbine Installators Industries Pvt Ltd – a firm acting in concert with promoter group – pledged 6 crore more shares or 2.41 percent of share capital in favour IDBI Trusteeship Services Ltd.

Reliance Wind Turbine held 12.05 percent stake in RCom.

“The trustee holds this security on behalf of holders of NCDs,” it added.

So far, Reliance Communications Enterprises Pvt Ltd had pledged 23.30 percent out of its 29.05 percent stake in the company to financial institutions.

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#Business

#Reliance Communications


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