ED Raids On Anil Ambani Firms Conclude, Reliance Power & Infra Say Operations Unaffected
Enforcement Directorate raids on Anil Ambani’s companies have concluded. Reliance Power and Reliance Infra clarified there’s no impact on their operations and distanced themselves from RCom and RHFL, stressing they are independent listed entities.
ED concluded its 3-day raid on Reliance Group firms across Mumbai. |
Key Highlights:
- ED concluded its 3-day raid on Reliance Group firms across Mumbai.
- Reliance Power & Infra say they have no links with RCom or RHFL.
- Anil Ambani is not on the board of either company since July 27, 2025.
Mumbai: The Enforcement Directorate (ED) has ended its search operations at the offices of Reliance Power and Reliance Infrastructure, both owned by Anil Ambani. These raids were part of a wider probe under the Prevention of Money Laundering Act (PMLA).
The raids, which started on July 24, 2025, covered more than 35 locations across Mumbai and Delhi, and continued till Saturday, July 26. According to reports, the ED recovered several documents and computer devices from various premises.
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Full Cooperation by Companies
Both Reliance Power and Reliance Infra issued separate but similar statements on Sunday, confirming that the ED's action had ended. They stated:
“The action by ED has concluded at all locations. The company and all its officials have fully cooperated and will continue to cooperate with the authority.”
They added that this investigation has had no impact on their day-to-day business, financial performance, or employees.
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No Connection to RCom or RHFL
The companies emphasized that the ED probe appears to relate to older allegations involving Reliance Communications (RCom) and Reliance Home Finance Limited (RHFL). Both companies strongly stated:
- They are independent listed entities with no business or financial connections to RCom or RHFL.
- RCom has been undergoing insolvency proceedings for over six years.
- RHFL’s matters have been fully resolved by a Supreme Court judgment.
- Ongoing legal matters involving those entities are sub-judice and not connected to their businesses.
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Anil Ambani Not on the Board
As of July 27, 2025, Anil D. Ambani is not a board member of either Reliance Power or Reliance Infra. Therefore, he has no governance, operational, or management role in these companies.
This clarification was likely issued in response to media reports linking the companies to a Rs 3,000-crore bank loan fraud case involving Yes Bank and other group firms.
Stock Market Impact
After news of the raids, both companies' shares saw a decline:
- Reliance Power closed 4.99 percent lower at Rs 56.72.
- Reliance Infrastructure closed 5 percent lower at Rs 342.05.
Despite this dip, both companies stressed they continue to operate normally and remain focused on business growth and stakeholder value creation.
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