Reliance Infra, Reliance Power Plunge Up to 54% from June Highs After ED Asset Attachment

Reliance Infrastructure and Reliance Power fell sharply on Tuesday, November 4, 2025. Reliance Infra hit a 52-week low of ₹193.70, locked in a 5% lower circuit, while Reliance Power slipped 7% to ₹40.68 on the BSE.

Both stocks have now corrected up to 54% from their June 2025 highs, reflecting rising investor concern following regulatory developments.

ED Attaches ₹7,500 Crore in Assets

The sharp fall came after reports that the Enforcement Directorate (ED) attached assets worth over ₹7,500 crore linked to Reliance Group Chairman Anil Ambani. The action is part of an ongoing money laundering probe against the group’s companies under the Prevention of Money Laundering Act (PMLA).

The attached properties reportedly include Ambani’s Mumbai residence in Pali Hill and other commercial and residential assets owned by Reliance Group entities.

Company Clarifies: No Impact on Operations

Both Reliance Infrastructure and Reliance Power clarified in exchange filings that the ED’s attachment has no impact on their business operations, employees, or shareholders. They also emphasised that Anil Ambani has not been on the board of either company for more than 3.5 years.

The companies highlighted that they are debt-free, with no outstanding loans from banks or financial institutions.

Market Reaction and Group Response

Over the last 3 months, the combined market capitalisation of Reliance Infra and Reliance Power has fallen by more than ₹15,000 crore, which the Reliance Group attributed to rumours, speculative trading, and misinformation.

In an October 29 statement, the group alleged that corporate rivals were attempting to tarnish its reputation and manipulate market sentiment for vested interests.

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Conclusion

The sharp correction in Reliance Group stocks reflects heightened regulatory uncertainty following the ED’s asset attachment. While the companies insist that operations remain unaffected, investor sentiment may stay cautious until more clarity emerges on the ongoing investigation.

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