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RCom promoters pledge 2.41% shares with financial institution

Press Trust of India  |  New Delhi 

Communications promoters have pledged an additional 2.41 per cent of the company with a financial institution, according to a regulatory filing.

According to a filing, Wind Turbine Installators Industries Pvt Ltd - a firm acting in concert with promoter group - pledged 6 crore more or 2.41 per cent of share capital in favour IDBI Trusteeship Services Ltd.

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, Enterprises Pvt Ltd had pledged 23.30 per cent out of its 29.05 per cent stake in the company to financial institutions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, October 10 2017. 21:02 IST