ALSO READReliance Communications shares hit record low on fourth-quarter loss, debt woes Reliance Communications shares, bonds plunge as losses, debt woes mount RCom shares extend fall, end over 2% lower RCom shares extend losses; end over 3% lower RCom shares trim most of sharp early losses; end flat
Reliance Communications promoters have pledged an additional 2.41 per cent 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 per cent of share capital in favour IDBI Trusteeship Services Ltd. Reliance Wind Turbine held 12.05 per cent 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 per cent out of its 29.05 per cent stake in the company to financial institutions.
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