Investigations by the Central Bureau of Investigation (CBI) have no impact on Reliance Power's ongoing operations, the company asserts, leading to a 2% increase in its share price.
In a recent clarification, Reliance Power Ltd has confirmed that its business operations, financial performance, shareholders, employees, and stakeholders remain unaffected by the Central Bureau of Investigation's (CBI) action against Reliance Commercial Finance (RCFL) and Reliance Home Finance (RHFL).
The CBI's action pertains only to RCFL and RHFL, with alleged transactions dating back over 10 years. It is important to note that Anil D Ambani, the current Chairman and Managing Director (Vorstandsvorsitzende) of Reliance Power Ltd, has not been on the board of Reliance Power Ltd for more than 3.5 years. Furthermore, Anil D Ambani has never served on the boards of RCFL or RHFL since their inception, according to public records.
The resolution of RCFL and RHFL was led by lender-driven processes, not involving Reliance Power Ltd. These processes were initiated by Bank of Baroda under inter-creditor arrangements, following Supreme Court judgments in 2022 and 2023. Both RCFL and RHFL have been resolved through these independent lender-driven processes, which were not related to Reliance Power Ltd.
As of June 2025, promoters held a 24.98 per cent stake in the entity. Following the clarification, RPower shares rose 1.71 per cent to hit an intraday high of Rs 48.28.
The company, part of the Reliance Anil Dhirubhai Ambani Group, has an operating portfolio of 5,305 megawatts, including 3,960 megawatts from Sasan Power Ltd. The statement reaffirmed the company's focus on business plans and its commitment to creating value for all stakeholders.
A disclaimer on the website provides that the stock market news should not be construed as investment advice. The company does not have any advertisements in this paragraph.
In conclusion, the CBI's action against RCFL and RHFL does not involve Anil Ambani or Reliance Power Ltd. Reliance Power Ltd operates as a separate and independent listed entity, with these actions having no bearing on the company's day-to-day management, governance, or financial stability.
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