Reliance Group clarifies that asset attachments by ED primarily relate to Reliance Communications, not part of the group since 2019. Reliance Infrastructure and Reliance Power continue normal operations, committed to over 50 lakh retail shareholders. A complaint has been filed with SEBI against market manipulation. Both Reliance Infrastructure and Reliance Power are debt-free.
Clarification on Asset Attachments
Reliance Group addresses recent media and investor queries, clarifying that the majority of assets attached by the ED belong to Reliance Communications, which has been under a Corporate Insolvency Resolution Process (CIRP) since 2019 and is managed by a Resolution Professional. These assets are no longer part of Reliance Group.
Impact on Reliance Infrastructure and Reliance Power
Reliance Infrastructure Limited and Reliance Power Limited state that the asset attachment has no material impact on their operations, performance, or future prospects. Both companies continue to operate as usual, focusing on growth and operational excellence, remaining committed to their stakeholders, especially the over 50 lakh shareholders.
Key Assets Mentioned
The announcement specifically refers to the attachment of properties, including 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, Reliance Centre in New Delhi, and properties in Pali Hill, Bandra (West), Mumbai. These assets primarily relate to Reliance Communications.
Legal Action Against Market Manipulation
Both Reliance Infrastructure and Reliance Power have filed a formal complaint with SEBI on October 29, 2025, against a systematic campaign of price hammering and market manipulation by an illegal bear cartel.
Financial Standing
Reliance Infrastructure has assets worth Rs 65,840 crore and a net worth of Rs 14,287 crore as of March 31, 2025. Reliance Power has assets worth Rs 41,282 crore and a net worth of Rs 16,337 crore as of March 31, 2025. Both companies emphasize they are entirely debt-free.
About Reliance Group
Reliance Group comprises Reliance Infrastructure Limited and Reliance Power Limited. Together, they have over 50 lakh shareholders, employ over 28,000 people, and serve over 400 million customers. The Group has assets worth Rs 1,07,123 crore and a net worth of Rs 30,624 crore.
Source: BSE
