The Enforcement Directorate (ED) has taken a significant step in its investigation into Reliance Infrastructure by filing money laundering charges against Anil Ambani. This move marks a crucial development in the ongoing scrutiny of the businessman's financial dealings.

Charges Filed

The ED, India's premier financial investigation agency, has formally accused Anil Ambani of money laundering in connection with Reliance Infrastructure. This legal action represents a serious escalation in the probe surrounding the company and its leadership.

Implications for Reliance Infrastructure

The filing of these charges could have far-reaching consequences for Reliance Infrastructure, a key player in India's infrastructure sector. The company, which is part of the larger Reliance Group, may face increased scrutiny and potential reputational damage as a result of these allegations.

Ongoing Investigation

While specific details of the charges have not been disclosed, the ED's action suggests that the investigation has uncovered sufficient evidence to proceed with formal accusations. The case is likely to be closely watched by investors, industry observers, and the broader business community in India.

What's Next

As the legal process unfolds, Anil Ambani and Reliance Infrastructure may be required to respond to these charges. The case could potentially lead to further investigations, legal proceedings, and possibly impact the operations and market perception of Reliance Infrastructure.

It's important to note that at this stage, these are charges filed by the Enforcement Directorate, and the legal process will determine the validity of these allegations. Stakeholders will be keenly observing how this case develops and its potential implications for both Anil Ambani and Reliance Infrastructure.

Reliance Infrastructure Limited (RInfra) has announced a significant development in its joint venture with Dassault Aviation. The company is set to sell a 2% stake in Dassault Reliance Aerospace Limited (DRAL) to its French partner, Dassault Aviation, for ₹1.76 billion (approximately ₹175.96 crore). This transaction will reshape the ownership structure of the joint venture, giving Dassault Aviation a majority stake.

Key Details of the Transaction

• Stake Transfer: Reliance Aerostructure Limited (RAL), a wholly-owned subsidiary of Reliance Infrastructure, will transfer 2% of its equity shares in DRAL to Dassault Aviation.
• New Ownership Structure: Post-transaction, Dassault Aviation's stake in DRAL will increase to 51%, making it the majority shareholder. RAL's stake will decrease to 49%.
• Transaction Value: The deal is valued at ₹175.96 crore, based on an independent valuation.
• Completion Date: The stake transfer is expected to be completed by November 1, 2025.

Impact on Reliance Infrastructure

• Change in Subsidiary Status: Upon completion of the transaction, DRAL will cease to be a 51% subsidiary of Reliance Infrastructure and will become an associate company with a 49% shareholding.
• Financial Contribution: As of March 31, 2025, DRAL contributed:
  • 0.23% (₹69.93 crore) to RInfra's consolidated turnover
  • 0.33% (₹47.13 crore) to RInfra's consolidated net worth

About the Joint Venture

Dassault Reliance Aerospace Limited is a joint venture between Reliance Aerostructure Limited and Dassault Aviation. The French partner, Dassault Aviation, is a renowned company engaged in the manufacturing of military and business jets, including the Rafale and Falcon aircraft.

Regulatory Compliance

Reliance Infrastructure has made the necessary disclosures to the stock exchanges in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this transaction does not fall under related party transactions and is not part of any scheme of arrangement.

This strategic move by Reliance Infrastructure aligns with its focus on value creation for stakeholders and reflects the evolving dynamics of its partnership with Dassault Aviation in the aerospace sector.