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Lenders sell family held 4.34% shares of RComm

Mna News - Published on Thu, 14 Mar 2019

Image Source: Wikipedia
Reliance Communications sold 12 crore pledged shares, which accounted for 4.34% stake of promoters in the telecom firm. The sale was a result of lenders invoking shares pledged with them. The pledged shares belonged to promoters including that of Ambani, his family members and RCom group entities

With this sale of shares, promoters' stake in the company has come down to 37.57% from 41.91% earlier.

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Posted By : TelecomGuru on Thu, 14 Mar 2019
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