RCom promoter pledges shares worth Rs 300 crore
As per closing price of RCom stock on September 28, the value of pledged shares is around Rs 334 crore.
 "A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai")
A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai
A promoter of telecom operator Reliance Communications has pledged 7 crore shares valued at around Rs 300 crore with L&T Finance Limited on September 28.
Reliance Wind Turbine Installators Industries Private Limited, which holds 12.05 per cent in RCom, has pledged 7 crore shares to L&T Finance Limited, as per a BSE Filing.
As per closing price of RCom stock on September 28, the value of pledged shares is around Rs 334 crore.
Shares of RCom closed at Rs 46.3 a unit, up by 8.81 per cent, at BSE on Friday.
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First Published: Oct 01 2016 | 2:22 AM IST