ADAG stocks fall as CBI files fraud case against Anil Ambani's son
after close1 source ↓written by the desknot a recommendation
- by Reliance Home
- ₹228 cr
- by Reliance Commercial
- ₹57.47 cr
Shares of Anil Ambani's group companies, including Reliance Infra and Reliance Power, dropped up to 5% on 10 Dec 2023. This decline follows a CBI investigation into alleged fraud involving ₹228 cr by Reliance Home Finance and ₹57.47 cr by Reliance Commercial Finance. The ongoing probe stems from complaints by Union Bank of India and Bank of Maharashtra.
Not investment advice. For informational purposes only.