Big Fall In Shares Of Anil Ambani's Reliance Power And Infra, Shares Scared Of CBI Action Against Son

Big fall in shares of Anil Ambani's Reliance Power and Infra, shares scared of CBI action against son

New Delhi. On Wednesday, December 10, shares of Anil Ambani group companies (ADAG) fell by 5%. Shares of two major companies of Anil Ambani's Reliance Group, Reliance Power and Reliance Infra, fell by about 5 percent each.

In fact, the Central Bureau of Investigation (CBI) registered a new case against Reliance Home Finance and Reliance Commercial Finance as part of the ongoing investigation following complaints from two public sector banks. A case has also been registered against Anil Ambani's son. The impact of CBI's action on Tuesday was clearly visible on the stock market on Wednesday. On Wednesday, shares of Anil Ambani's Reliance Infrastructure Limited closed at Rs 133.38 on NSE with a fall of -4.50%. At the same time, shares of Reliance Power Limited fell by -4.74% and closed at Rs 33.93 on Tuesday.

In which case was the case registered against Anil Ambani's son?

The cases include an alleged fraud of ₹228 crore (about $25.4 million) by Reliance Home Finance on a complaint by Union Bank of India and another case of ₹57.47 crore against Reliance Commercial Finance on a complaint by Bank of Maharashtra, the CBI said.

In this case, a case has been registered against Anil Ambani's son Jai Jai Anmol Ambani. Its impact was clearly visible on two companies of Reliance Group on Wednesday. Reliance Home Finance and Reliance Commercial Finance were owned by Anil Ambani's Reliance Group till financial year 2023 and were then bought by Authm Investments and Infrastructure through a debt resolution process. According to a Reuters report, the banks had classified the loan accounts of these companies as fraud in 2024 and 2025, after which they had to file a complaint with the investigators. "You can send your questions related to shares to us at business@jagrannewmedia.com." (Disclaimer: The information given here regarding shares is not investment advice. Jagran Business is not giving investment advice. Investing in the stock market is subject to market risks, so please consult a certified investment advisor before investing.)

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