Reliance Power Limited has informed the Exchange regarding a press release dated July 24, 2025, titled "Media Release".
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Awaiting price reaction for this filing.
Reliance Power has issued a clarification in response to recent media reports about an enforcement agency action. The company states these actions have no impact on its business operations, financial performance, shareholders, employees, or any other stakeholders. The media reports allegedly pertain to transactions of over 10 years ago linked to Reliance Communications (RCOM) and Reliance Home Finance (RHFL), which are separate and independent listed entities with no business or financial linkage to Reliance Power. RCOM has been under Corporate Insolvency Resolution Process for over 6 years, and RHFL has been fully resolved per a Supreme Court judgment. The company also clarified that Mr. Anil D. Ambani is not on the Board of Reliance Power. Reliance Power has an operating portfolio of 5,305 megawatts including the 3,960 MW Sasan Power plant.
The stock may see short-term volatility due to negative media headlines, but the company's clarification that it is a separate entity with no exposure to the alleged issues should help reassure investors. Investors should monitor for any further developments and assess whether the market views this clarification as adequate.