Reliance Power wants Sebi to ban Edelweiss from trading in stock markets

Alleges 'market abuse', in sequel to its shares getting hammered in stock markets

Reliance Power has asked the Securities and Exchange Board of India (Sebi) to prohibit the Mumbai-based Edelweiss financial services group from trading in the securities market.

The strongly worded letter is dated February 6. It asks the regulator to issue a “cease and desist” instruction from engaging in “market abuse”, which allegedly led to its share price plunging 57 per cent in two days.

It asks Sebi to investigate this disruption of Reliance group (Anil Ambani’s) shares, “which include examination of the dealing room records, including records of phone calls and SMS of all persons at the broking firms where the