RCE pledges 12.50 cr shares of RCom with IndusInd Bank

New Delhi: Reliance Communications Enterprises has pledged 4.52 per cent of its holding in Reliance Communications (RCom) amounting to 12.50 crore shares with IndusInd Bank Ltd, according to a regulatory filing.

Reliance Communications Enterprises (RCE) held 49.06 crore shares in RCom amounting to 17.74 per cent stake, of which it had previously pledged 4.85 per cent. With the latest pledge on March 22, the total pledged shares by RCE now stands at 9.37 per cent of total share capital or 25.90 crore shares.