Share market update: ADAG stocks bleed as SC finds Anil Ambani guilty of contempt

NEW DELHI: Shares of Anil Ambani led Reliance ADAG Group companies were trading in the negative zone during Wednesday’s trading session after the Supreme Court held Anil Ambani guilty of contempt for not clearing dues of Rs 550 crore and directed him to pay Rs 453 crore to Ericsson in 4 weeks.

Reliance Communication responded and said that it will be complying with the Supreme Court’s order.

Shares of Reliance Capital (down 8.38 per cent), Reliance Infrastructure (down 6.38 per cent) and Reliance Communications (down 5.98 per cent) were trading with losses upto 8 per cent.

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