New Delhi, Nov. 21 -- : Delhi High Court has placed a restriction on the sale of assets belonging to Anil Ambani-led Reliance Capital which is reeling under mounting debt.
"The court has passed an order placing restrictions on any sale, disposal or creation of any encumbrance on any assets of the company, which inter-alia include the company's 4.28 per cent shareholding in Reliance Nippon Life Asset Management Ltd, till December 16," Reliance Capital informed stock exchanges in regulatory filings.
The formal order of the high court is awaited. "The company will take all appropriate steps in the matter as legally advised, including to file an appeal against the said order to protect the interests of its lenders and other stakeholders," it ...