Anil Ambani-owned Reliance Power, Reliance Infra deny financial impact of ED action
Anil Ambani -owned Reliance Power and Reliance Infrastructure has dismissed concern about any financial impact as a result of recently Enforcement Directorate (ED). The two companies released a separate filing of the stock exchange, and clarify that EDS functions are not expected to affect operations or financial stability. This answer follows the report from the money laundering case to YES Bank, where ED -EVERED assets worth Rs 290 crore. He also said that his financial results, operations and investors remain intact and unaffected. Reliance Group companies collaborate with officials and maintains openness. Investors and stakeholders have become assured that there may be no disruption in day by day function or ongoing initiatives. Explanation helped to calm the roads within the market after initial terrible feeling. Both shares skilled some instability after the news, but stabilized the corporations' reputable reactions.
The Key points
- Reliance Power and Infra deny financial hits from ADD action.
- Ed attached assets worth yes 290 crores to yes bank survey.
- Professional activities and finances remained unaffected.
- Companies do not make sure any disruptions in each day functioning.
- Probness in shares appeared, but stabilized later.
- The Reliance group fully cooperates with the authorities.
- Explanation issued through the stock exchange.
- The ongoing projects and obligations continue without delay.
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