Reliance ADAG group shares in the green

Shares of Anil Ambani-led Reliance ADAG Group companies recovered today and traded with gains during morning trade on Friday.

Shares of Reliance Power (up 11.06 per cent), Reliance Naval and Engineering (up 8.09 per cent), Reliance Capital (up 7.79 per cent), Reliance Infrastructure (up 4.92 per cent) and Reliance Communications (up 2.70 per cent) were up in this order around 9:45 am on BSE.

Shares of ADAG Group companies had been under heavy selling pressure in the last few days after Reliance Communications said it will move the insolvency tribunal for bankruptcy protection.

Meanwhile, L&T Finance sold shares of Anil Dhirubhai Ambani Group companies on Thursday. According to the bulk deal data on the NSE, L&T Finance sold 2 crore shares of Reliance Communications at Rs 5.14 per share and sold 77.87 lakh shares of Reliance Capital at Rs 123.89 apiece.