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Reliance Infrastructure pledges 1.5 crore more shares in RPower

The filing showed that the fresh pledge was done on September 9 in favour of lDBI Trusteeship Services Services Limited Lender/Debenture holder Deutsche Bank

Press Trust of India  |  New Delhi 

In six of seven instances, the auditor said the deposits or withdrawals made override the accounting standards

on Friday pledged 1.5 crore additional shares in Reliance Power.

According to a regulatory filing by the company, the reason for encumberance was "invocation of pledge against non-convertible debentures (NCDs) issued by Ltd".

The filing showed that the fresh pledge was done on September 9 in favour of lDBI Trusteeship Services Services Limited Lender/Debenture holder Deutsche Bank.

First Published: Fri, September 13 2019. 22:30 IST
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