Reliance Infra, Reliance Power slip after India's federal investigator opens criminal case against Anil Ambani

Reliance Infrastructure

25/08/2025 05:17

** Reliance Infrastructure RLIN.NS and Reliance Power RPOL.NS both fall 5%

** India's federal agency filed a criminal case against industrialist Anil Ambani and his company Reliance Communications RLCM.NS on Saturday over a 30 billion rupee (~$344 million) fraud complaint brought by State Bank of India SBI.NS

** RLIN, RPOL say the criminal investigation has no impact on business operations and financial performance

** A spokesperson for Ambani told Reuters "Mr. Ambani strongly denies all allegations and charges, and will duly defend himself"

** An email query to SBI was not answered immediately

** RLIN down ~14% YTD while RPOL up 4.5%

($1 = 87.3650 Indian rupees)

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com))