Reliance Capital hits 5% lower circuit after asset sale restriction
Shares of Reliance Capital hit a 5% lower circuit on the BSE in the noon trade, as the company announced that the Hon’ble Delhi High Court in the matter of OMP(I) COMM. 419 of 2019 has passed an order placing restrictions on any sale, disposal or creation of any encumbrance on any assets of the Company, which inter-alia include the company’s 4.28% shareholding in Reliance Nippon Life Asset Management, till December 16, 2019. The formal order of the Hon’ble Delhi High Court is awaited.
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