Reliance Infra & Reliance Power Share Price Drop Amid CBI & ED Notices

Shares of Reliance Infra and Reliance Power, part of the Anil Ambani-led group, faced a sharp decline on Wednesday, December 10, after fresh legal developments emerged. The companies have been involved in ongoing investigations, and the latest reports have affected market sentiment.

Market Performance

On December 10:

• Reliance Power share price fell over 4%, touching a low of ₹34.18
• Reliance Infra declined almost 5%, reaching ₹132.90, its 52-week low

This selloff reflects market reaction to legal notices and investigations involving the group companies.

Main News: CBI and ED Notices

The Central Bureau of Investigation (CBI) filed a case related to alleged financial irregularities involving Reliance Home Finance and Reliance Commercial Finance. Key details include:

• Reliance Home Finance: Alleged fraud of ₹228 crore based on a complaint by Union Bank of India
• Reliance Commercial Finance: Alleged fraud of ₹57.47 crore on a complaint by Bank of Maharashtra
• Jai Anmol Anil Ambani, former Director of Reliance Home Finance, is named in the chargesheet

These cases form part of broader ongoing investigations by the CBI into earlier alleged financial irregularities involving the group.

Separately, the Enforcement Directorate (ED) placed a lien of ₹77.86 crore on Reliance Infra’s bank accounts concerning alleged violations under FEMA.

Company Details

• The affected companies were originally part of the Anil Ambani group (ADAG)
• They were later acquired by Authum Investment & Infrastructure through a debt resolution process
• Banks had classified the loan accounts of these companies as fraudulent in 2024 and 2025, prompting official complaints

These developments highlight the continuing scrutiny over the group’s financial and operational dealings, impacting both market perception and stock performance.

Summary

Legal developments involving the CBI and ED have caused a notable drop in Reliance Infra and Reliance Power shares. Reliance Power declined over 4% while Reliance Infra almost hit a 5% fall, reaching its 52-week low. The notices relate to alleged financial irregularities and liens placed on bank accounts, marking a critical moment in the ongoing investigations concerning the Anil Ambani-led group.