Reliance Communications allots equity shares
On conversion of warrants
Reliance Communications announced that the Committee of Directors at their meeting held on 20 January 2015 have allotted 8,66,66,667 equity shares to Telecom Infrastructure Finance (TIFPL), a Promoter Group company, against Warrants issued to them. As a result, the Promoter Group's holding has gone up to 59.70% from existing 58.25%.The Paid up share capital of the Company is increased from Rs. 1201.16 crore to Rs. 1244.49 crore.
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