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Bombay High Court rejects Reliance ADAG petition seeking relief against pledged share sale by Edelweiss Group

Updated : February 13, 2019 04:03 PM IST

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.
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