Reliance Financial releases 6,000 equity shares of Omaxe
Reliance Financial has released 6,000 equity shares of Omaxe pledged by Guild Builders for loan repayment, the company said in a BSE filing. In January 2020, Reliance Financial had released 3,46,000 shares of Omaxe, according to the regulatory filing. Guild Builders has already encumbered 36.54 per cent shares in Omaxe, according to the regulatory filing. In a separate filing Omaxe said, considering the gravity of Covid-19 and lockdown imposed by the central and state governments, the functioning at corporate office, construction sites and the overall operations of the company have been adversely impacted. In this evolving situation, the overall financial impact or the duration thereof cannot be predicted with any reasonable certainty, it said.
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