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Reliance Capital raises objection to PFL stake sale by Credit Suisse


Debt-ridden firm Reliance Capital on Monday raised objection to the proposed 33.12 per cent stake sale of Prime Focus (PFL) by Credit Suisse to PFL s promoter group at Rs 44.15 per share.
Anil Ambani s Reliance Group company Reliance Capital termed the proposed transaction as a blatant abuse of the purported rights by Credit Suisse under certain lending agreements with the RCAP Group, the company said in a statement.
However, Reliance Capital did not share the details of the blatant abuse of the purported rights .
Reliance Mediaworks Financial Services Private Limited, an RCAP Group company, is one of the investors in PFL promoted by Naresh Malhotra and Namit Malhotra. ....

Naresh Malhotra , Namit Malhotra , Reliance Mediaworks Financial Services Private , Credit Suisse , Anil Ambani Reliance Group , Reliance Capital , Prime Focus , Reliance Group , Mediaworks Financial Services Private Limited , னரேஷ் மல்ஹோத்ரா , நமித் மல்ஹோத்ரா , கடன் ஸ்யூயி , அனில் அம்பானி நம்பகத்தன்மை குழு , நம்பகத்தன்மை மூலதனம் , ப்ரைம் கவனம் , நம்பகத்தன்மை குழு ,