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Thu, May 23, 2019 | Last Updated 4:21 am IST

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Why Reliance pledged 12.50 Crore shares with IndusInd Bank?

Why Reliance pledged 12.50 Crore shares with IndusInd Bank?
Why Reliance pledged 12.50 Crore shares with IndusInd Bank?
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As per latest report it was stated that Reliance Communications Enterprises has pledged 4.52 percent of its holding in Reliance Communications (RCom) amounting to 12.50 crore shares with IndusInd Bank Ltd, according to a regulatory filing.



Meanwhile it was stated that Reliance Communications Enterprises (RCE) held 49.06 crore shares in RCom amounting to 17.74 percent stake, of which it had previously pledged 4.85 percent.

Why Reliance pledged 12.50 Crore shares with IndusInd Bank?

Moreover with the latest pledge on March 22, the total pledged shares by RCE now stands at 9.37 percent of total share capital or 25.90 crore shares.


Why Reliance pledged 12.50 Crore shares with IndusInd Bank?
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