On Tuesday, Reliance Capital Ltd’s shares were locked at the 5 per cent lower circuit, at Rs 18.10 apiece, on the Bombay Stock Exchange (BSE) after the Reserve Bank of India (RBI) superseded the board of industrialist Anil Ambani promoted Reliance Capital, a non-banking financial company (NBFC), owing to defaults and governance issues.

• Promoters Pour Rs 975 Crore Into 10 Stocks This Week
• Hindustan Copper Reports 9% Rise in MIC Output for FY26
• SAIL Shares Slip 0.91% as CMD Amarendu Prakash Steps Down
• Bosch Jumps 12% in Two Sessions on E-Mobility JV
• Latent View Analytics Shares Skyrocket 20% on Deal with Healtheon AI 

“Given the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to address effectively”, the central bank superseded the board.

The Nageswar Rao Y is appointed as former executive director of Bank of Maharashtra, administrator of Reliance Capital.

Stock Covered in the news

Reliance Capital Ltd-View Detailed Analysis