RCom promoters’ shareholding declined to 22% in Jan-Mar this year

Reliance Communications promoters’ stake has come down to 22 per cent in January-March 2019 quarter, with family and group firms jointly losing more than half of the equities, the telecom firm said on Thursday.

In the October-December 2018 quarter, the promoters and promoter group of debt-ridden RCom had 53.08% stake in the company.

In the third quarter of 2018-19, Ambani family members jointly held 145.48 crore equity shares, which came down to 59.79 crore in last quarter of the same fiscal, according to shareholding pattern disclosure made by the firm.

Shares held by promoter group firm Reliance Communications Enterprises Private Limited dropped by almost half to 36.56 crore from 72.31 crore.

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