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CBI questions former Reliance ADA Group MDs in ₹2,929 crore fraud

The CBI interrogated two former MDs of Reliance ADA Group in connection with a ₹2,929 crore bank fraud involving Reliance Communications. This follows a complaint from SBI, raising concerns about regulatory scrutiny and market sentiment.

pre-market1 source ↓written by the desknot a recommendation

by SBI
21 Aug 2025

The CBI interrogated two former Group Managing Directors of Reliance ADA Group, Gautam Doshi and Sateesh Seth, regarding an alleged bank fraud of ₹2,929 crore linked to Reliance Communications Ltd. This investigation stems from a complaint filed by SBI on 21 Aug 2025.

The implications of this inquiry could affect market sentiment towards Reliance Communications, given the scale of the allegations and potential regulatory scrutiny.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 22 Mar 2026, 07:34 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

RCOM closed −4.5% on the day of the news, from ₹0.89 to ₹0.85; Nifty −2.6% over the same session.

Bulletin at 07:34 IST on 22 Mar 2026. Every change is measured from ₹0.89, the last close before it, on 20 Mar. Nifty 50 is measured over the same sessions.

  • RCOM close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
RCOM closes around the bulletin against the close before the news, with Nifty 50 rebased to it0.690.891.09axis spans 57%before the news · 20 Mar0.89Nifty 50RCOMbulletinD0+1+3+516 Mar27 Mar9 AprReference close ₹0.89. 16 sessions from 16 Mar to 9 Apr; the price axis spans 57 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before20 Mar₹0.89basebase
On the day23 Mar₹0.85▼ −4.5%▼ −2.6%−1.9 pp difference
+1 session24 Mar₹0.83▼ −6.7%▼ −0.9%−5.9 pp difference
+3 sessions27 Mar₹0.79▼ −11.2%▼ −1.3%−10.0 pp difference
+5 sessions1 Apr₹0.79▼ −11.2%▼ −1.9%−9.4 pp difference
Gap at the open, % · ₹
▲ +2.3%+0.02 on 23 Mar
Day's range, % · ₹
6.7%≈ 0.06 high to low
Volume on the day
0.86×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
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