The formal order of the high court is awaited. The company will take all appropriate steps in the matter as legally advised, including to file an appeal against the said order to protect the interests of its lenders and other stakeholders, it said late on Wednesday (20 November 2019). The announcement was made after trading hours yesterday, 20 November 2019.
Shares of Reliance Capital slumped 33.39% in eight trading sessions to its current market price of Rs 17.15, from its recent closing high of Rs 25.75 on Friday, 8 November 2019.
Meanwhile, the S&P BSE Sensex was down 61 points or 0.15% to 40,590.44.
In the past one month, shares of Reliance Capital jumped 21.63% to its current market price of Rs 17.15, outperforming the Nifty Financial Service index's 4.96% rise in the same period.
On a consolidated basis, Reliance Capital reported a net loss of Rs 3,771.00 crore in Q2 September 2019 compared with a net profit of Rs 280 crore in Q2 September 2018. Total income surged 65.4% to Rs 8,860 crore in Q2 September 2019 over Q2 September 2018.
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