Reliance Infrastructure pledges 1.5 crore more shares in Reliance Power

NEW DELHI: Reliance Infrastructure on Friday pledged 1.5 crore additional shares in Reliance Power.

According to a regulatory filing by the company, the reason for encumberance was “invocation of pledge against non-convertible debentures (NCDs) issued by Reliance Infrastructure Ltd”.

The filing showed that the fresh pledge was done on September 9 in favour of lDBI Trusteeship Services Services Limited Lender/Debenture holder Deutsche Bank.


Source: Press Trust of India

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