Shares of Anil Dhirubhai Ambani Group (ADAG) companies were under pressure on Thursday after lenders of Reliance Communications sold about 4.34 percent stake of promoters in the telecom firm.

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RCom hit a new low of Rs 4.65, down 5 percent on the Bombay Stock Exhange intra-day. In comparison, the S&P BSE Sensex was trading flat.

Besides RCom, Reliance Capital declined 7 percent followed by Reliance Power (down 6.9 percent), Reliance Home Finance (down 4.4 percent), Reliance Naval and Engineering (down 4.1 percent), Reliance Infrastructure (down 3.8 percent), and Reliance Nippon Life Asset Management (down 2.7 percent).

The pledged shares belonged to promoters including that of Ambani, his family members, and RCom group entities, according to an exchange filing.

With this, promoters' stake has come down to 37.57 percent from 41.91 percent earlier. At the current market price, the value of stock sold comes around Rs 59 crore.

The Supreme Court, last month, held Reliance Group chairman Anil Ambani and two other ADAG companies' directors in contempt over not clearing its dues to Ericsson.

The court directed RCom to pay balance payment of Rs 453 crore to Ericsson in four weeks, failing which Ambani will be sent to jail for a period of three months. It has also slapped a penalty of Rs 1 crore on Anil Ambani as a penalty for contempt.

The company has been reeling under a debt of around Rs 47,000 crore and has opted for invoking bankruptcy proceedings.