Reliance Capital clarifies no pledged shares of RNAM are invoked by any lender
19/09/2019 12:31
Reliance Capital Limited said that, “No pledged shares of Reliance Nippon Life Asset Management Limited (RNAM) have been invoked by any lender,” in a filing to Bombay Stock Exchange.

The company further stated that the borrowings covered under the pledged RNAM shares are matched by cash amounting to approx. Rs 1600 crore lying in escrow under tripartite agreements signed between the parties.