Our Bureau Shares of Anil Dhirubhai Ambani Group came under pressure on Thursday, as lenders invoked shares pledged by the promoters.

Among the ADAG pack, Reliance Capital was the worst affected, as its share crashed 8.4 per cent at ₹172 on the NSE, followed by RPower 6.52 per cent at ₹10.75. RCom slumped 5.1 per cent at ₹4.65; Reliance Nippon Life slipped 5.2 per cent at ₹191.25; RInfra edged down 3.7 per cent at ₹125; and Reliance Naval and Engineering closed the day lower by 2.82 per cent at ₹10.35.

In a disclosure to the exchanges, RCom said that Axis Trustee Services, acting as security/debenture trustee, has invoked 12 crore shares or 4.34 per cent, pledged shares of the company on March 11.

The pledged shares belonged to promoters including that of Ambani, his family members, and group entities, according to an exchange filing. With this, promoters’ stake has come down to 37.57 per cent from 41.91 per cent earlier.

Axis Trustee has also invoked pledged shares in Reliance Capital on March 6 and 7. They sold 4.5 per cent stake in the market.

Similarly, IDBI Trusteeship Services has offloaded 1.47 per cent stake in Reliance Power between March 8 and March 12.

Anil Ambani has been planning to lower its debt by nearly 60 per cent by selling some of the group’s assets. However, so far, he could not make much headway in his attempts.

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