Reliance Capital, R-Infra locked in lower circuit for seventh straight day

On November 15, YES Bank had invoked around 16 lakh equity shares of Reliance Capital, owned by promoter Reliance Inceptum Private Limited

Shares of Anil Ambani-led Reliance Group companies - Reliance Capital and Reliance Infrastructure - were locked in lower circuit for the seventh straight day, after lenders invoked pledged shares of these companies.

Reliance Capital was locked in the 5 per cent lower circuit at Rs 18.05 on Wednesday after the company said that YES Bank had invoked around 16 lakh equity shares of the company owned by promoter Reliance Inceptum Private Limited. The stock has tanked 30 per cent in the past seven trading days.

“On November 15, 2019, the lender YBL invoked 1.6 million equity shares representing