No sale of pledged shares till Sept: Anil Ambani's pact with lenders

Anil Ambani's Reliance Group has reached a "standstill agreement" with over 90% of its lenders under which they won't sell any of promoters' pledged shares till September. The group will pay the principal and interest to the lenders as per the scheduled due dates. Reliance Group recently blamed L&T Finance and Edelweiss for steep fall in shares of its companies.