Reliance Power Limited has informed the Exchange regarding a press release dated August 24, 2025, titled "Media Release".
RPOWER · price
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Awaiting price reaction for this filing.
Reliance Power issued a press release on August 24, 2025, distancing itself from recent CBI action against Reliance Communications and Mr. Anil D Ambani. The company clarified that the original SBI complaint dates back over 10 years, when Mr. Ambani was only a non-executive director of Reliance Communications with no role in daily operations. He resigned from the RCom board in 2019, and has not been on the Reliance Power board for the past 3.5 years. Reliance Power emphasised it is a separate, independent listed entity with no business or financial linkage to Reliance Communications, which is currently under IBC supervision. The company has an operating portfolio of 5,305 MW, including the 3,960 MW Sasan Power plant.
This is a defensive clarification meant to prevent negative sentiment from the RCom/CBI news from spilling over into the Reliance Power stock. While it may offer short-term reassurance, investors should note that group-level governance and legal overhangs have historically affected valuation multiples for Reliance Group companies.