Synopsis: Reliance Infrastructure and Reliance Power Limited fell after the Enforcement Directorate attached assets worth Rs. 7,500 crore linked to the companies, in connection with alleged violations under the Prevention of Money Laundering Act.

Reliance Infrastructure shares ended at Rs.193.70, down 4.98 percent from Rs.203.85, with a market cap of Rs.7,915.19 crores. Reliance Power shares closed at Rs.40.72, down 7.24 percent from Rs.43.90, with a market cap of Rs.16,840.86 crores.

What’s the news?

Reliance Infrastructure and Reliance Power Limited stated that the Enforcement Directorate has attached 42 properties linked to the Anil Ambani group over alleged violations under the Prevention of Money Laundering Act. In separate filings, both companies clarified that this action do

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