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Reliance Group says L&T Finance, Edelweiss Group caused share drop


(Reuters) - Three listed entities of Indian Group - owned by - on Friday said and certain entities of were responsible for their shares plunging near 55 percent over the last few days.

A few (NBFCs) invoked pledged shares of Capital Ltd, Infrastructure Ltd and Reliance Power Ltd, and made open market sale of about 4 billion rupees ($56.23 million) during Feb. 4-7, the said in filings https://

and L&T Finance did not immediately respond to Reuters' request seeking comment.

(Reporting by in Bengaluru; Editing by Rashmi Aich)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 08 2019. 14:46 IST