Anil Ambani’s Reliance Group shares surge after deal with lenders
Updated : February 18, 2019 10:12 AM IST
Reliance companies shares surge on the back of Reliance Group signing a 'standstill agreement' with more than 90 percent of its lenders.
According to the pact, the group will pay the principal and interest amounts to the lenders as per the scheduled due dates.
Under this in-principle standstill understanding, these lenders will not enforce security and will not sell any of the promoters' pledged shares till September 30,.