Reliance Power Limited has informed the Exchange regarding a press release dated November 04, 2025, titled "Media Release".
RPOWER · price
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Awaiting price reaction for this filing.
Reliance Power, along with Reliance Infrastructure, has issued a media release clarifying that recent Enforcement Directorate (ED) asset attachments have no material impact on either company's operations or future prospects. The attached properties (132 acres at DAKC Navi Mumbai, Reliance Centre Delhi, Pali Hill Mumbai, and other Reliance Infrastructure assets) are related to Reliance Communications, which has not been part of the Reliance Group since 2019 and is under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional under NCLT supervision. Reliance Power highlighted that it is a zero bank debt company with assets worth Rs 41,282 crore, a net worth of Rs 16,337 crore, and over 43 lakh retail shareholders as of March 31, 2025. The company also mentioned filing a SEBI complaint on October 29, 2025 against alleged market manipulation by a 'bear cartel'.
The announcement aims to reassure investors that the ED action against Reliance Communications-related assets does not affect Reliance Power's operations or financial health, though stock sentiment may remain volatile given the ongoing legal and regulatory overhang.