Shares of Reliance Infrastructure fell 4.61% to ₹361.30 in Tuesday’s session following reports that the Enforcement Directorate (ED) has launched raids at over 35 locations linked to Anil Ambani and his Reliance ADA Group, in connection with a ₹3,000 crore Yes Bank loan diversion case.
The stock opened at ₹380 and quickly lost ground amid rising investor concerns. The day’s low stood at ₹364, while the company’s market capitalization fell to ₹14,905 crore. This decline follows a similar fall in Reliance Power shares, highlighting growing pressure on the Anil Ambani group.
The ED investigation centers around alleged fraudulent loans granted to group companies such as Reliance Home Finance between 2017 and 2019. The agency cited suspicious evergreening practices, backdated approvals, shell entities, and fund transfers that may have involved bribes and misrepresentation of financial health.
Regulatory bodies including SEBI, CBI, and NFRA are also involved in examining irregularities. The coordinated crackdown has triggered a sentiment shift, particularly in group firms with direct financial exposure to the entities under scrutiny.
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