RCom Enterprises pledges 12.50 crore shares to IndusInd Bank

Anil Ambani led Reliance Communication Enterprises has pledged 4.52% of its stake in Reliance communication (RCom) to private lender IndusInd Bank Ltd, said a PTI report.

As per the report, RCom Enterprises currently owns 17.74% stake, or 49.06 crore shares, in RCom, of which it had previously pledged 4.85% stake or 12.50 crore.

With this new pledging of shares, the total pledged shares by RCom Enterprises now stands at 9.37% of total share capital or 25.90 crore shares.

Reliance Communications Ltd’s share price ended at ₹5.32, up by ₹0.48 or 9.92%, from its previous close of ₹4.84 on the BSE.

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