ED attaches Reliance Power promoter shares worth ₹762.75 crore

1 min read     Updated on 13 Jul 2026, 04:29 PM
scanx
Reviewed by
Jubin VScanX News Team
AI Summary

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.

powered bylight_fuzz_icon
45454037

*this image is generated using AI for illustrative purposes only.

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 Day5 Days1 Month6 Months1 Year5 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?

Reliance Power promoters confirm no encumbrance on shares

1 min read     Updated on 10 Jul 2026, 02:40 AM
scanx
Reviewed by
Shriram SScanX News Team
AI Summary

Reliance Power promoters, including Reliance Infrastructure, confirmed no encumbrance on shares under SEBI Regulation 31(4). The disclosure covers key individuals and group entities, though Reliance Innoventures Private Limited has exited the promoter group post-CIRP.

powered bylight_fuzz_icon
45176999

*this image is generated using AI for illustrative purposes only.

Promoters of Reliance Power have declared that they have not created any encumbrance on the company's shares, directly or indirectly. The disclosure was submitted to the stock exchanges on April 10, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The declaration was made on behalf of the promoters and other entities belonging to the promoter group. It was signed by Paresh Rathod, Company Secretary of Reliance Infrastructure Limited, on behalf of the promoter group.

The filing lists the specific entities for whom the disclosure is being made. The list includes individual promoters such as Smt. Kokila D. Ambani, Shri Anil D Ambani, Smt. Tina A Ambani, Shri Jai Anmol A Ambani, and Shri Jai Anshul A Ambani.

Corporate entities included in the declaration are Reliance Infrastructure Limited, Reliance Innoventures Private Limited, RWTIPL Industries Private Limited, and Reliance Project Ventures and Management Private Limited.

A note in the disclosure clarifies the status of Reliance Innoventures Private Limited (RIPL). The company stated that RIPL underwent a change in ownership and control following the implementation of a Resolution Plan under the Corporate Insolvency Resolution Process (CIRP). This change was pursuant to an order dated January 6, 2026, passed by the Hon’ble National Company Law Tribunal, Mumbai Bench. Consequently, RIPL and its subsidiaries have ceased to be part of the Promoter and Promoter Group of Reliance Power Limited. The disclosure regarding RIPL is being made out of abundant caution pending the reclassification process under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Promoter Group Entities

Sr. No Name
1 Smt. Kokila D. Ambani
2 Shri Anil D Ambani
3 Smt. Tina A Ambani
4 Shri Jai Anmol A Ambani
5 Shri Jai Anshul A Ambani
6 Reliance Infrastructure Limited
7 Reliance Innoventures Private Limited*
8 RWTIPL Industries Private Limited#
9 Reliance Project Ventures and Management Private Limited#

*Note: Reliance Innoventures Private Limited and its subsidiaries have ceased to be part of the Promoter Group following a CIRP order dated January 6, 2026. #Formerly known as Reliance Wind Turbine Installators Industries Private Limited.

Historical Stock Returns for Reliance Power

1 Day5 Days1 Month6 Months1 Year5 Years
+0.99%-0.24%-7.77%-22.93%-61.92%+87.56%

How will the exit of Reliance Innoventures Private Limited from the promoter group impact the overall shareholding structure of Reliance Power?

What is the expected timeline for the official reclassification of Reliance Innoventures under SEBI regulations?

Could the reduction in promoter group entities signal a strategic shift in Reliance Power's corporate governance or future capital raising plans?

More News on Reliance Power

Must Read Next

Earnings

Corporate Actions

Stocks

1 Year Returns:-61.92%