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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