Reliance Power faces ED asset attachment worth ₹1,021.19 cr
after close1 source ↓written by the desknot a recommendation
- linked to Reliance
- ₹1,021.19 cr
- worth of Reliance
- ₹762.75 cr
The Enforcement Directorate has provisionally attached assets exceeding ₹1,021.19 cr linked to Reliance Power, including ₹762.75 cr worth of Reliance Infrastructure shares and receivables from Sasan Power and Reliance Cleangen. This development introduces significant legal and liquidity uncertainty for the ADAG group entity.
Market participants should monitor the situation closely as this regulatory action may impact investor sentiment and trading volumes for Reliance Power and its affiliates.
Not investment advice. For informational purposes only.