{"id":259714,"date":"2019-02-19T05:32:36","date_gmt":"2019-02-19T05:32:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=259714"},"modified":"2019-02-19T05:32:36","modified_gmt":"2019-02-19T05:32:36","slug":"reliance-power-promoters-move-hc-against-edelweiss-in-pledged-share-sale-case","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-power-promoters-move-hc-against-edelweiss-in-pledged-share-sale-case\/","title":{"rendered":"Reliance Power promoters move HC against Edelweiss in pledged share sale case"},"content":{"rendered":"<p>Mumbai: The promoters of Reliance Power Ltd on Monday moved a division bench of Bombay high court to stop the Edelweiss Group from selling its pledged shares, after a single-judge bench last week dismissed its petition on the matter.<\/p>\n<p>Four financial institutions had sold the pledged shares of Reliance Group companies in the first week of February, leading to a crash in their share prices. The Reliance Group says the sale, which hammered the market capitalization of its group companies by \u20b913,000 crore, was illegal.<\/p>\n<p>\u201cThe group (ADAG) has reached an agreement with more than 90% of lenders under which they won\u2019t sell any shares pledged by promoters until September. This is a new development since we have challenged the earlier order. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: The promoters of Reliance Power Ltd on Monday moved a division bench of Bombay high court to stop the Edelweiss Group from selling its pledged shares, after a single-judge bench last week dismissed its petition on the matter. Four financial institutions had sold the pledged shares of Reliance Group companies in the first week of February, leading to a crash in their share prices. The Reliance Group says the sale, which hammered the market capitalization of its group companies by \u20b913,000 crore, was illegal. \u201cThe group (ADAG) has reached an agreement with more than 90% of lenders under which [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-259714","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259714","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=259714"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/259714\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=259714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=259714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=259714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}