SEBI looks into share sale of Anil Ambani's Reliance Group's firms

Market regulator SEBI on Monday said it's looking into allegations related to sale of pledged shares of Anil Ambani-led Reliance Group's three listed firms by L&T Finance and Edelweiss Group. This comes after Reliance Power requested SEBI to ban the lenders from trading, alleging "market abuse". The group alleged the sale of shares by the creditors was "illegal" and "motivated".