{"id":232861,"date":"2019-02-13T05:14:39","date_gmt":"2019-02-13T05:14:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=232861"},"modified":"2019-02-13T05:33:44","modified_gmt":"2019-02-13T05:33:44","slug":"lenders-demand-more-collateral-from-reliance-groups-promoter-entities","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/lenders-demand-more-collateral-from-reliance-groups-promoter-entities\/","title":{"rendered":"Lenders demand more collateral from Reliance Group&#8217;s promoter entities"},"content":{"rendered":"<p>Lenders including private banks and mutual funds have asked Anil Ambani-controlled Reliance Group\u2019s promoter entities to put more collateral on the table to secure their Rs 6,000-crore exposure. The margin calls first started in October last year when the Reliance Power stock began showing signs of weakness, according to a lender. <\/p>\n<p>The Anil Ambani group alleged last week that two of the 11 lenders \u2014 L&amp;T Finance Holdings and Edelweiss \u2014 invoked the pledge and sold the company\u2019s shares \u201cillegally\u201d, triggering a domino effect. The maximum fall in the group\u2019s shares has been witnessed since early this month, after Reliance Communications declared it would move the National Company Law Tribunal (NCLT) for debt resolution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lenders including private banks and mutual funds have asked Anil Ambani-controlled Reliance Group\u2019s promoter entities to put more collateral on the table to secure their Rs 6,000-crore exposure. The margin calls first started in October last year when the Reliance Power stock began showing signs of weakness, according to a lender. The Anil Ambani group alleged last week that two of the 11 lenders \u2014 L&amp;T Finance Holdings and Edelweiss \u2014 invoked the pledge and sold the company\u2019s shares \u201cillegally\u201d, triggering a domino effect. The maximum fall in the group\u2019s shares has been witnessed since early this month, after Reliance [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-232861","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=232861"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/232861\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=232861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=232861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=232861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}