Bombay High Court rejects Reliance ADAG petition seeking relief against pledged share sale by Edelweiss Group
Anil Dhirubhai Ambani Group (ADAG) had moved Bombay HC seeking a stay on sale of pledged shares of three listed firms of the group by Edelweiss.
Reliance had accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group's three listed firms and selling them in open market causing a steep fall in share values.
Published Date: Feb 13th, 2019 04:03 PM | Updated Date: February 13, 2019 04:03 PM IST
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more