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RCOM promoters’ stake drops to 22% in January-March 2019

20 Apr 2019 Evaluate

Reliance Communications’ (RCOM) promoters’ stake has dropped to 22 per cent in January-March 2019 quarter, with family and group firms jointly losing more than half of the equities.

In the October-December 2018 quarter, the promoters and promoter group of debt-ridden RCOM had 53.08 per cent stake in the company. In the third quarter of 2018-19, Ambani family members jointly held 145.48 crore equity shares, which came down to 59.79 crore in last quarter of the same fiscal

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

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1716.40
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