ED attaches Reliance Power promoter shares worth ₹762.75 crore
Reliance Power disclosed that the ED issued a provisional attachment order on promoter shares worth ₹762.75 crore and receivables totaling ₹258.44 crore from subsidiaries Sasan Power and Reliance Cleangen. The order cites alleged PMLA violations between 2017 and 2019, and the company plans to take legal steps to safeguard shareholder interests.

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Reliance Power has disclosed that the Enforcement Directorate (ED) has issued a provisional attachment order targeting the company's assets as well as those of its promoter. The regulatory action encompasses a range of financial assets, including equity holdings and outstanding receivables across multiple entities, citing alleged violations of the Prevention of Money Laundering Act (PMLA) for the period from 2017 to 2019.
ED Provisional Attachment Order: Key Details
The provisional attachment order covers significant assets linked to Reliance Power and its promoter. The following table summarises the key assets subject to the attachment:
| Asset: | Details |
|---|---|
| Reliance Infrastructure Shares: | ₹762.75 Cr |
| Receivables from Sasan Power: | ₹116.96 Cr |
| Receivables from Reliance Cleangen RCL: | ₹141.48 Cr |
Assets Under Attachment
The ED's provisional attachment order includes shares of Reliance Infrastructure valued at ₹762.75 crore, which form a substantial portion of the total assets under scrutiny. In addition to the equity holdings, the order also covers receivables owed to the company — ₹116.96 crore from Sasan Power and ₹141.48 crore from Reliance Cleangen RCL. These receivables represent amounts outstanding from associated entities and are now subject to the regulatory freeze alongside the promoter's shareholding.
Company Disclosure
Reliance Power made this information public through an official company disclosure, revealing the ED's action on both the company's own assets and those of its promoter. The provisional attachment order, as issued by the Enforcement Directorate, is a regulatory measure that restricts the transfer or disposal of the identified assets pending further proceedings. The company stated that it shall take all appropriate steps to safeguard its interest as well as the interests of all its shareholders and other stakeholders, as may be legally advised.
Historical Stock Returns for Reliance Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.99% | -0.24% | -7.77% | -22.93% | -61.92% | +87.56% |
How will the freezing of key receivables impact Reliance Power's short-term liquidity and working capital management?
What legal avenues is the company likely to pursue to challenge the provisional attachment order under the PMLA?
Could this regulatory action delay or derail potential debt restructuring plans for the company?































