Reliance Infra invokes RPower’s 10.19 crore pledged shares
Reliance PowerNSE -4.48 % on Tuesday said its 10.19 crore pledged shares having a total face value of Rs 101.9 crore have been invoked by Reliance InfrastructureNSE -4.82 % on December 2, 2019. The total market value of these 10.19 crore shares at Rs 3.30 per share on the BSE works out to be Rs 33.62 crore.
Reliance Infrastructure, which is another Group firm had encumbered shares in favour of Axis BankNSE 0.69 %, Reliance Power said in a BSE filing.
After the invocation of these 10.19 crore share, which constitute 3.63 per cent of share capital, Reliance Infrastructure’s holding has come down to 22.34 per cent.
