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Reliance Group blames L&T Finance, Edelweiss for stock fall
short by Shruti Maria Mahendar / on 11 Feb 2019,Monday
Anil Ambani's Reliance Group blamed L&T Finance and Edelweiss Group for the 55% drop in market capitalisation of group companies in four trading days. The group alleged that the sale of pledged shares by the non-bank lenders was "illegal, motivated and unwarranted". Creditors including L&T Finance and Edelweiss sold around 31.9 crore shares of four of the group's companies.
short by Shruti Maria Mahendar / 01:19 am on 11 Feb
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