Anil Ambani led Reliance Group has reached an in-principle standstill understanding with more than 90% of the lenders at the promoter group level, after L&T Finance and Edelweiss Group had dumped Anil Ambani Group shares causing the unprecedented fall in share prices of Reliance Power and other group shares early this month. Reliance Group will pay the principal and interest to the lenders as per the scheduled due dates specified in the loan agreements. Reliance Group has nine lenders at the promoters level and mutual fund exposure at Reliance Group stands at ₹1000 crore. Some of key lenders are – Templeton MF, DHFL Primeamerica MF, Indiabulls MF, IndusInd Bank, Yes Bank. L&T Finance don't have any exposure in Reliance Group while Edelweiss Group still has exposure ₹150 crores.

Source: The Hindu February 17, 2019 09:46 UTC