Promoter stake in ADA group firms falls as lenders invoke pledged shares

Retail, lenders stuck with dud shares; promoter stake in Reliance Infra fell to 5% this September end from 48.4% in March 2018. Reliance Infra's stake in Reliance Power fell to 25% from 75%

The promoter's stake in the listed companies of the Anil Ambani group fell steadily as lenders started invoking the pledged shares following loan defaults.

Statistics collated by this newspaper shows that the promoter stake in Reliance Infrastructure fell to five per cent as on September end this year from 48.4 per cent in March 2018. Reliance Infra’s stake in its subsidiary, Reliance Power fell to 25 per cent in September this year from 75 per cent in March 2018.

The promoters, the Anil Ambani family have agreed to infuse Rs 550 crore into Reliance Infrastructure by way of a preferential