Archive · 25 Jul 2025
Reliance Infra, Power Stocks Plunge After ED Raids on Ambani Firms
Imagine some companies got in trouble, and the government is looking into whether they did something wrong with a big loan from a bank.
The companies are part of Anil Ambani's group, and the government agents raided their offices to look for evidence.
Because of this investigation, the value of some of the companies' stocks went down quickly, hitting the lowest possible price for two days in a row.
The companies say they are not involved in the main problem.
The government is looking into whether the companies improperly took money from a bank, possibly by bribing people, and used the money in ways that weren't allowed.
ED raids on Anil Ambani's Reliance Group led to stock drops.
Reliance Infrastructure and Power shares hit lower circuits after the raids.
The raids are linked to a probe into a Rs 3,000 crore Yes Bank loan fraud.
Reliance Power and Infrastructure distanced themselves from the investigation.
ED investigation revealed a scheme to divert or siphon off public money.
- Who
- The Enforcement Directorate (ED) and Anil Ambani's Reliance Group.
- What
- ED conducted raids on premises linked to Anil Ambani's Reliance Group.
- When
- The raids and subsequent stock drops occurred recently, specifically July 23-26, 2024.
- Where
- Multiple premises linked to Anil Ambani's Reliance Group.
- Why
- The ED is investigating a Rs 3,000 crore Yes Bank loan fraud.
- Companies Affected
- Reliance Infrastructure, Reliance Power
- Stock Drop
- 10% over two sessions
- Reason for Investigation
- Rs 3,000 crore Yes Bank loan fraud
- Date of Share Drop
- July 26, 2024
- Allegations
- Diverting or siphoning public money, bribing bank officials