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.
