RCom allots 10% shares to Sistema Shyam after merger
Reliance Communications has allotted 10% shares to Sistema Shyam TeleServices (SSTL) which merged with the company earlier this month. Following this, the total promoter group holding in the Anil Ambani-led company has shrunk by 5.92 percentage points to 53.08%. The value of shares allocated to Russian conglomerate Sistema-owned SSTL is estimated to be around â¹385 crore.