Reliance Capital shares tumble 5% as RBI supersedes company’s board
The Hindu
The RBI will shortly initiate bankruptcy proceedings against Anil Ambani promoted debt-ridden NBFC
Shares of Reliance Capital Ltd. on Tuesday tumbled 5% to its lower circuit limit, a day after the Reserve Bank of India of the Anil Ambani promoted company.
The stock tanked 4.99% to its lower circuit limit of ₹18.10 on both the BSE and NSE.
The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defaults and serious governance issues.
According to BACL, the biophilic-inspired business park will offer smart workspaces within a vibrant public realm. The project’s most exceptional and breathtaking attribute lies in the Urban Forest, a lush oasis in the centre of the development. This green space will serve as a focal point, seamlessly blending indoor and outdoor spaces throughout the area. The upcoming metro station in Airport City will provide seamless connectivity to the business park from the northern side, ensuring convenient accessibility.