Reliance Power asks Sebi to immediately ban Edelweiss Group from capital mkts

New Delhi: Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and market disruptive activities” to cause a steep plunge in the company’s share price. Reliance Group, last week, accused L&T Finance and Edelweiss Group entities of “illegal” and “motivated” actions in invoking the pledged […]

ADAG loses plea against Edelweiss

Mumbai: The Bombay High Court rejected Anil Ambani led Reliance Group petition seeking relief against pledged share sale by Edelweiss Financial Services Group. Anil Dhirubhai Ambani Group (ADAG) had moved the Bombay High Court seeking a stay on the sale of pledged shares of its three listed firms — Reliance Power, Reliance Infra and Reliance […]