Reliance Power: ED seizes shares and bank balances worth about Rs 2033 cr under FEMA

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

-1.2%Reaction day

₹20.09

prior close

₹19.86

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.0%-1.2% vs market

Power Generation peers, median of 28sector+0.4%-1.7% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty Smallcap 250 and 1.7 pts less than its Power Generation 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

-0.3

10m

+0.2

15m

+0.3

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2-0.0-1.2+0.4-1.7

Next day

-7.1-1.2-5.9-0.2-6.9

-6.2-1.1-5.1-0.8-5.4

-11.1-2.2-8.8-1.5-9.6

-14.2-4.4-9.7-4.4-9.8

-14.7-5.5-9.3-6.8-7.9

-17.6-7.1-10.5-7.9-9.7

15d

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UpDownMarket · Nifty Smallcap 250Sector · Power Generation peers, median of 28Pending

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

AI summary

ED on October 12, 2026 seized Reliance Power's shares in subsidiary Sasan Power worth about Rs 2026.65 crore and bank balances of Rs 6.16 crore under FEMA Section 37A(1). The order relates to 2006 foreign currency bonds and a 2008 Singapore investment, both with applicable approvals. The shares are pledged to Power Finance Corporation for over 10 years. No penalty yet, seizure is provisional. Reliance Power disputes the allegations and will take legal steps to protect interests.

Likely market impact

Provisional ED seizure of pledged shares and bank balances may pressure the stock. No penalty yet. Company disputes. Outcome of confirmation hearing is key.