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Reliance Capital dips 27% in three days on Brickwork, CARE rating downgrade

The stock slipped 11 per cent to Rs 135 on the BSE in early morning trade, plunging 27 per cent in past three trading sessions from level of Rs 184 on April 15, 2019.

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Shares of Anil Dhirubhai Ambani Group (ADAG) companies are under pressure, trading lower for the third straight day on the BSE after CARE Ratings and Brickwork Ratings revised the long-term rating for various existing debt instruments of Reliance Capital (RCap). CARE Ratings placed them on 'credit watch with developing implications', while Brickwork has placed them on 'credit watch with negative implications'. Reliance Capital slipped 11 per cent to Rs 135 on the BSE in intraday trade, plunging 27 per cent in past three trading sessions from a level of Rs 184 on ...