Reliance Group says pledged share sales drove group firms' stock plunge
- The value of the shares is estimated to be ₹400 crore
- The sale has sparked a battle of words between Reliance Group, Edelweiss and L&T Finance
Mumbai: Anil Ambani-led Reliance Group or Anil Dhirubhai Ambani Group (ADAG) in a heavy worded statement on Friday said that the open market sale of its pledged shares by L&T Finance Services and Edelwiess Group was illegal and led to a fall of ₹13000 crore in market capitalisation of its group companies.
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