Promoter Reclassification13 Nov 2026, 05:40 pm
Reliance Communications: Promoter Seeks Shareholding Reclassification
AI Summary
Reliance Communications Limited has received a request from Reliance Innoventures Private Limited to reclassify its shareholding from the 'Promoter and Promoter Group' category to the 'Public' category, as per SEBI regulations. The shareholder currently holds Nil equity shares in the company. The resolution professional is seeking legal advice on the matter.
Key Highlights
- Promoter seeks reclassification of shareholding.
- Shareholder Reliance Innoventures Private Limited holds Nil shares.
- Request aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- Resolution professional is seeking legal counsel.
Price Impact
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