Reliance Group lenders promise not to sell shares till September 1 : Bulletin: Business Today
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Reliance Group lenders promise not to sell shares till September 1

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BusinessToday.In | February 18, 2019

Reliance Group lenders promise not to sell shares till September 1

Anil Ambani-led Reliance Group has reached a 'standstill agreement' with more than 90 per cent of its lenders under which they will not sell any of the shares pledged by promoters till September. Under the pact, the group will pay the principal and interest amounts to the lenders as per the scheduled due dates, while it has also appointed investment bankers for part placement of the group's direct 30 per cent stake in Reliance Power to institutional investors
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