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RCOM promoters pledge 2.41 per cent shares with a financial institution

October 11, 2017

According to a Bombay Stock Exchange (BSE) filing, Reliance Wind Turbine Installators Industries Private Limited, acting in concert with the group of promoters at Reliance Communications (RCOM) has pledged Rs 60 million more shares in favour of Investment and Development Bank of India (IDBI) Trusteeship Services Limited.

These shares account for 2.41 per cent of the total 12.05 per cent share capital held by Reliance Wind Turbine Installators Industries Private Limited in RCOM.

So far, RCOM has pledged 23.30 per cent of its 29.05 per cent stake in the company to financial institutions.


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