Responding to media queries, Reliance Capital Ltd has clarified that no pledged shares of Reliance Nippon Life Asset Management Limited (RNAM) have been invoked by any lender.
Further, borrowings covered under the pledged RNAM shares are matched by cash amounting to approx. Rs 1600 crore lying in escrow under tripartite agreements signed between the parties.
Shares of RELIANCE CAPITAL LTD. was last trading in BSE at Rs.35.1 as compared to the previous close of Rs. 35.15. The total number of shares traded during the day was 2647763 in over 7189 trades.
The stock hit an intraday high of Rs. 36.05 and intraday low of 34.45. The net turnover during the day was Rs. 93353317.