Reliance Group clarifies on attachment of properties

Reliance Group would like to clarify recent media and investor queries.

The Reliance Group comprises two major listed entities - Reliance Infrastructure Limited and Reliance Power Limited - representing the interests of over 50 lakh shareholders.

The reports refer to the attachment of the following properties by ED:

- 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai, Maharashtra

Reliance Centre, New Delhi

- Pali Hill, Bandra (West), Mumbai, Maharashtra

- Other assets of Reliance Infrastructure

Reliance Infrastructure Limited and Reliance Power Limited wish to clarify that there is no material impact on the operations, performance, or future prospects of either company.

Both Reliance Infrastructure and Reliance Power continue to operate as usual, maintaining their focus on growth, operational excellence, and their commitment to all stakeholders, especially the over 50 lakh strong shareholder family.

The largest value of assets attached belongs to Reliance Communications, which has not been a part of the Reliance Group since 2019 - i.e. for the last six years. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP) for over six years. All matters relating to its resolution are currently sub judice before the Hon'ble National Company Law Tribunal (NCLT), and the Hon'ble Supreme Court of India.

Reliance Communications is presently managed by a Resolution Professional under the supervision of the NCLT / Committee of Creditors (CoC), led by the State Bank of India (SBI) and a consortium of banks / lenders.

Mr. Anil D. Ambani is in no way involved with Reliance Communications and has resigned six years ago in 2019.

Mr. Anil D. Ambani has also not served on the Board of Directors of either Reliance Infrastructure or Reliance Power for over three and a half years.

The repeated inclusion of Mr. Anil D. Ambani in successive versions of all reports are unfortunately unwarranted and blatantly unfair.

Reliance Infrastructure is a zero bank debt company. The company has assets worth Rs 65,840 crore, a net worth of Rs 14,287 crore, as on 31st March, 2025 and a strong retail shareholding family of over 7 lakh investors.

Reliance Power is a zero bank debt company. The company has assets worth Rs 41,282 crore, a net worth of Rs 16,337 crore, as on 31st March, 2025 and a strong retail shareholding family of over 43 lakh investors.

Both Reliance Infrastructure Limited and Reliance Power Limited have filed a formal complaint with Securities and Exchange Board of India (SEBI) on October 29, 2025, against a systematic campaign of price hammering and market manipulation by an illegal bear cartel and vested interests.

Shares of Reliance Infrastructure Limited was last trading in BSE at Rs. 193.70 as compared to the previous close of Rs. 203.85. The total number of shares traded during the day was 195959 in over 1927 trades.

The stock hit an intraday high of Rs. 193.70 and intraday low of 193.70. The net turnover during the day was Rs. 37957258.00.

Shares of Reliance Power Limited was last trading in BSE at Rs. 40.72 as compared to the previous close of Rs. 43.90. The total number of shares traded during the day was 16353499 in over 40863 trades.

The stock hit an intraday high of Rs. 43.38 and intraday low of 40.44. The net turnover during the day was Rs. 680386430.00.

Source : Equity Bulls

Keywords

RelianceInfrastructure INE036A01016 RELINFRA ReliancePower INE614G01033 RPOWER Clarification MediaReports EDAttachment Properties