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Reliance Communications Enterprises pledges 4.52% stake of RCom with IndusInd Bank

25 Mar 2019 Evaluate

Reliance Communications Enterprises (RCE) has pledged 4.52% of its shareholding in Reliance Communications (RCom) amounting to 12.50 crore shares with IndusInd Bank on March 22, 2019. With this, the total pledged shares by RCE held at 9.37% of total share capital or 25.90 crore shares.

RCOM is India’s foremost and truly integrated telecommunications service provider.

Peers
Company Name CMP
Bharti Airtel 1842.65
Vodafone Idea 14.30
Indus Towers 381.10
Tata Communications 1783.70
Railtel Corp. India 258.20
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