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New Delhi: Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and market disruptive activities” to cause a steep plunge in the company’s share price. Reliance Group, last week, accused L&T Finance and Edelweiss Group entities of “illegal” and “motivated” actions in invoking the pledged shares of Anil Ambani group’s …

Sebi to look into sale of pledged shares of Reliance Group’s listed companies

New Delhi: Capital markets regulator, the Securities and Exchange of India, is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group's three listed companies by two lenders, senior officials said Monday. Reliance Group has accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of …

Reliance Group says pledged share sales drove group firms’ stock plunge

Mumbai: Anil Ambani-led Reliance Group or Anil Dhirubhai Ambani Group in a heavy worded statement on Friday said that the open market sale of its pledged shares by L&T Finance Services and Edelwiess Group was illegal and led to a fall of ₹13000 crore in market capitalisation of its group companies. L&T Finance and certain entities of Edelweiss Group between …

New Delhi: Anil Ambani-led Reliance Group on Friday accused L&T and Edelweiss entities of “illegal” and “motivated” actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value. A few NBFCs, “substantially L&T Finance and certain entities of Edelweiss Group, have invoked pledge of listed shares of Reliance Group and made …