Edelweiss slips 4% after R-Power asks Sebi to ban it from trading

Shares of Edelweiss Financial Services fell as much as 4 per cent to Rs 133.65 apiece in intra-day trade on Monday, after Reliance Power asked the capital markets regulator Securities and Exchange Board of India (Sebi) to prohibit the firm from trading in the securities market.

The Anil Ambani-led company has asked Sebi to investigate the disruption of Reliance group'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 bulk of the sale transactions took place, and the relevant fund flows”. READ