L&T, Edelweiss illegally sold our shares: Reliance on 55% mcap loss

After Reliance Group saw a 55% drop in its market capitalisation in the last 4 days, the Anil Ambani-led firm has accused L&T Finance and Edelweiss Group of "illegally" selling its pledged shares. "The entities...made open market sales of about ₹400 crore that precipitated a fall of ₹13,000 crore," Reliance said. This comes as Reliance Communications is filing for bankruptcy.