HW English
Business Tit-Bits

Has Anil Ambani exited?


The entire controversy around the sale of shares of the Anil Ambani Group companies by Edelweiss and L&T Finance revolves around the fact that Anil Ambani had taken huge loans by pledging his company shares for loans taken from these NBFCs. Since the market cap of the shares of his group companies has fallen drastically over the last couple of weeks, these NBFCs were forced to sell his shares to protect their interest since he could not meet the terms and conditions of the pledge and did not have further shares to pledge with them. Anil Ambani is not alone and other corporates have also done the same and a staggering 2 lakh crore ₹ worth of shares have been pledged with NBFCs. Such pledges of shares, in reality, represent the promoters losing control of their company and SEBI must realise this and act accordingly.

HW News Live TV

Related posts

The Struggling MSME Sector

Akhilesh Bhargava

Business tit-bits: China Gives Another Chance To India

Akhilesh Bhargava

Business Tit-Bits: Fraud, Cronies and Anil Ambani

Akhilesh Bhargava