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Sebi to look into sale of pledged shares of Reliance Group's 3 listed firms

Updated : February 11, 2019 03:27 PM IST

Reliance Group has accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group firms and selling them in open market causing a steep fall in share values.
L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged that Reliance Group failed to make timely payments, which they said necessitated sale of pledged shares.
Sebi to look into sale of pledged shares of Reliance Group's 3 listed firms
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