What to Watch. Promoter pledges RCom, RPower shares

Updated - January 16, 2018 at 04:53 PM.

Shares of Anil Ambani-led Reliance Communications and Reliance Power may see market attention following pledging of shares by its promoter. In a disclosure to the exchanges, RPower said that Reliance Infradevelopment has pledged three crore shares (representing 1.07 per cent of its paid-up capital).

Similarly, Reliance Wind Turbine Installators pledged seven crore shares (2.81 per cent of the paid-up capital) of RCom. The shares were pledged with L&T Finance on September 28.

Published on September 30, 2016 14:55