New Delhi: The promoter group entity of Reliance Infrastructure has pledged 1.56% of the company's shares, according to a regulatory filing.
Reliance Project Ventures and Management Pvt Ltd had on March 6 pledged 41 lakh shares.
With this pledge, the total pledged shares by the promoter entity stands at 35.37% of the total share capital in the company.
Reliance Infrastructure's lender IndusInd Bank had invoked 50 lakh pledged shares, or 1.96% stake, in the company on March 8.
Reliance Group companies have sued HT Media Ltd, Mint’s publisher, and nine others in Bombay high court over a 2 October 2014 front-page story that they have disputed. HT Media is contesting the case.
This story has been published from a wire agency feed without modifications to the text.
