Reliance Power falls as ED seizes Rs 2,032.81 crore assets
In short
Reliance Power shares fell after the Enforcement Directorate seized assets worth Rs 2,032.81 crore. The report says this was part of a FEMA investigation.
The agency alleges overseas funds were routed through foreign entities and supported by fabricated documents. It is not stated in the available reporting what happens next in the case.
What the reporting says
Reliance Power shares fell after the Enforcement Directorate seized assets worth Rs 2,032.81 crore under a FEMA investigation, according to the publisher summary. The agency alleges overseas funds were routed through foreign entities and backed by fabricated documents. The stock move was immediate, but the final legal outcome is not stated.
Why it matters
Reliance Power shares declined after the Enforcement Directorate seized assets worth Rs 2,032.81 crore in a FEMA case. The publisher summary says the agency alleges funds raised overseas were routed through foreign entities and supported by fabricated documents. The immediate market reaction was negative, but the reporting does not state any court outcome or response from the company.