ADVERTISEMENT

Yes Bank Invokes 65 Lakh Pledged Shares Of Reliance Infrastructure

These shares represent 2.57 percent of the share capital of Reliance Infrastructure.

People stand outside a Yes Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)
People stand outside a Yes Bank Ltd. branch in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

Private sector lender Yes Bank Ltd. has invoked 65 lakh pledged shares of Reliance Infrastructure Ltd.'s promoter between Nov. 25 to 28, the company has said in a BSE filing.

These shares, representing 2.57 percent of the share capital of Reliance Infra, were held by one of the company's promoters Reliance Project Ventures and Management Ltd.

With this, the holding of Reliance Project Ventures and Management Ltd. in Reliance Infra has come down from 30.05 percent to 27.58 percent, as per the filing.

Other promoters, including Anil Ambani, hold 6.98 percent in RInfra.