Photo: Hemant Mishra/MintNew Delhi: Reliance Communications promoters have pledged an additional 2.41% shares of the company with a financial institution, according to a regulatory filing. According to a BSE filing, Reliance Wind Turbine Installators Industries Pvt Ltd — a firm acting in concert with promoter group — pledged 6 crore more shares or 2.41% of share capital in favour IDBI Trusteeship Services Ltd. Reliance Wind Turbine held 12.05% stake in RCom. So far, Reliance Communications Enterprises Pvt Ltd had pledged 23.30% out of its 29.05% stake in the company to financial institutions. Reliance Group companies have sued HT Media Ltd, Mint’s publisher, and nine others in the Bombay high court over a 2 October 2014 front-page story that they have disputed. HT Media is contesting the case.

Source: Mint October 10, 2017 15:45 UTC