Promoter Group Companies Invoke Pledge Shares In Reliance Capital, Sell 4.35% Stake
The portrait of Mahatma Gandhi is displayed on an Indian rupee note. (Photographer: Brent Lewin/Bloomberg)  

Promoter Group Companies Invoke Pledge Shares In Reliance Capital, Sell 4.35% Stake

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Shareholding of the promoter group Reliance Inceptum Pvt. Ltd. and Reliance Infrastructure Consulting & Engineers Pvt. Ltd. has come down by over 4 percent in Reliance Capital Ltd. following invocation of pledge shares on Jan. 24.

Prior to the invocation of the pledge shares the promoter group owned 6,88,12,534 shares amounting to 27.23 percent shares, the company said in the regulatory filing.

After the invocation of the pledge, the shareholding of the promoter group got reduced to 5,78,12,534 shares adding up to 22.88 percent stake.

The promoter group invoked 1.10 crore shares, out of which 75 lakh amounting to 2.96 percent stake and 35 lakh shares or 1.39 percent of Reliance Capital Ltd. held by Reliance Inceptum Pvt. Ltd. and Reliance Infrastructure Consulting & Engineers Pvt. Ltd. respectively has been invoked, the filing added.

For the quarter ended Dec. 31, 2019, Reliance Inceptum Pvt. Ltd. held 6,33,03,079 shares worth 25.16 percent stake in Reliance Capital, while Reliance Infrastructure Consulting & Engineers Pvt. Ltd. held 1,85,66,991 equity shares amounting to 7.38 percent stake in Reliance Capital.

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