Reliance kept SP group in high and dry.
Investors anger rising sharply against Sterling and Wilson.
Who is behind all of this....
Mukesh Ambani buys two green firms in a day, brings REC Group and Pallonji's Sterling into Reliance fold
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The promoters had raised Rs 2,850 crore from the public through an IPO in 2019, but subsequently failed to repay the loans of the company a year later, though it was promised in the prospectus. This created a future among shareholders who demanded an exit for their investments citing a breach of trust.
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