Reliance Infra, Reliance Power shares slide 10% in 2 days after ED raids sites linked to Anil Ambani
Shares of Reliance Infrastructure and Reliance Power slid about 10% over two days following Enforcement Directorate (ED) raids on premises linked to Anil Ambani. The raids were part of an investigation into an alleged Rs 3,000 crore loan fraud involving Yes Bank loans sanctioned between 2017 and 2019, suspected to involve money laundering and diversion of funds to shell companies.
On July 24, 2025, the shares fell up to 4% intraday after the ED conducted searches at dozens of locations connected to Anil Ambani as part of this probe. By July 25, both stocks hit their lower circuit limits, with Reliance Power dropping 5% to Rs 59.70 on the BSE and Reliance Infrastructure falling nearly 5% to Rs 360.05, contributing to a cumulative fall of about 10% in two sessions.
The ED’s investigation is probing allegations that loans worth around Rs 3,000 crore granted by Yes Bank were diverted to shell companies and other group entities, with serious lapses found in Yes Bank’s credit approval process, including backdated documentation and lack of due diligence.
Despite the raids and selling pressure, Reliance Infrastructure and Reliance Power issued statements asserting that the ED’s actions have “absolutely no impact” on their business operations, financial performance, or stakeholders. They emphasized that Anil Ambani is not on the boards of these companies and that they have no business or financial linkage to Reliance Communications and Reliance Home Finance, the entities reportedly at the center of the probe.
Reliance Infrastructure and Reliance Power shares dropped about 10% in two days after ED raids linked to Anil Ambani’s group.
The raids relate to a suspected Rs 3,000 crore Yes Bank loan fraud and money laundering case from 2017-2019.
Both companies deny any impact or connection to the alleged wrongdoing.
The enforcement actions triggered sharp investor sell-offs hitting lower circuit limits.
This situation reflects ongoing regulatory and legal challenges faced by Anil Ambani-linked businesses affecting market sentiment for these stocks.
