Shares of Reliance Power Ltd tumbled 11 per cent in Monday's trade after the Anil Ambani-promoted company said Ashok Kumar Pal, Executive Director and Chief Financial Officer(CFO) of the company has been arrested by ED in the night of October 10, 2025 under Section 19 of PMLA, 2002. He was produced before the Court and ED has been granted two days’ custody. Reliance Power also announced the CFO's replacement and appointment of a non-independent director on the board. Advertisement

The Reliance Power stock fell 11.42 per cent to open at Rs 43.05 apiece on BSE. It has lost 33 per cent of its market value in the past three months.

"Pending the ongoing matter and in order to assist the investigation, Shri Ashok Kumar Pal has demitted the office of Executive Director and CFO with immediate

See Full Page