ED places lien on bank accounts over FEMA violations

Enforcement raidRegulatory & Legal View source PDF Explain this filing

RELINFRA · price

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹139.63

prior close

₹139.65

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%-2.1% vs market

Power peers, median of 35sector · industry level-0.5%-2.3% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.3 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.4

15m

+1.1

30m

+1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.8-0.6-2.1-0.5-2.3

Next day

-6.9-0.2-6.7+0.1-7.0

-2.8+0.1-2.9+1.4-4.2

+2.1+0.6+1.5+1.4+0.7

+7.2-0.1+7.2+0.8+6.3

+12.5-1.0+13.5+0.3+12.3

+24.0-0.0+24.1+0.5+23.5

15d

—+1.1—+2.4—

+6.4-2.9+9.2-0.9+7.3

-14.1+0.5-14.6-2.2-12.0

-35.0-8.7-26.3-6.3-28.7

UpDownMarket · Nifty Microcap 250Sector · Power peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Reliance Infrastructure disclosed that the Enforcement Directorate has placed a lien on its bank accounts for Rs. 77.86 crore over alleged violations under FEMA. The company stated it will take appropriate legal steps to contest the action.

Likely market impact

Bank accounts restricted for Rs 77.86 crore; may affect liquidity. Company plans legal challenge. Negative short-term sentiment likely.