Latest Markets Business BEEPS Earnings Personal Finance

Anil Ambani's Reliance Power Locked In Lower Circuit — Here's Why

Reliance Power Ltd. hit a lower circuit of 5% and fell to Rs 46.46 apiece in Monday morning trade.

Ananya Chaudhuri

Anil Ambani has been facing criminal investigation. (Photo: Vijay Sartape/NDTV Profit)

Quick Read
Summary is AI Generated. Newsroom Reviewed

  • Reliance Power share price hit lower circuit despite clarifying no impact from investigation
  • Reliance Power is independent from Reliance Communications with no financial linkage, says the company
  • Anil Ambani has not been on Reliance Power’s board for over three and a half years
Did our AI Summary help ?  Let us know

Reliance Power Ltd. share price hit a lower circuit in Monday's session despite clarifying no impact of the investigation into its sister company and managing director Anil Ambani.

Reliance Power is a separate and independent entity with no business and financial linkage to Reliance Communication, the company said in the exchange filing Sunday.

Anil Ambani is also not in the board of Reliance Power for more than three and half years, according to the exchange filing.

The clarification after the Bank of India has classified loan account of Reliance Communication as fraud. The classification dates back to 10 years before, the exchange filing said.

Anil Ambani and Reliance Communications have been facing criminal investigation. On Saturday, the Central Bureau of Investigation has conducted searches at its Mumbai residence.

Also Read: After SBI, Bank Of India Tags Loan Accounts Of Reliance Communications, Anil Ambani As Fraud

X

Reliance Power Ltd. hit a lower circuit of 5% and fell to Rs 46.46 apiece. It remained locked in the lower circuit as of 10:54 a.m., as compared to 0.33% advance in the NSE Nifty 50 index.

The stock advanced 41.86% in 12 months, and 9.06% on year-to-date basis. Total traded volume so far in the day stood at 0.6 times its 30-day average. The relative strength index was at 40.91.

However, in August, Reliance Power share price slumped over 11%. The stock has now extended losses to second session.

Also Read: Stock Market Today: Nifty Nears 25,000-Mark, Sensex Ends Over 300 points Higher As Infosys, TCS Shares Lead

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit. Feel free to Add NDTV Profit as trusted source on Google.
WRITTEN BY
Ananya Chaudhuri
Ananya Chaudhuri covers financial markets news and trends at NDTV Profit. S... more
GET REGULAR UPDATES
Add us to your Preferences
Set as your preferred source on Google
Beeps Img

Trade Setup For Aug. 26: Nifty Faces Resistance At 25,000 Levels

  • chevron-double-right Nifty 50 shows non-directional intraday trade with consolidation near 25,000 levels
  • chevron-double-right Immediate breakout point for bulls is 25,000, targeting 25,150-25,200 on success
  • chevron-double-right Support for Nifty 50 is at 24,860, with momentum indicators suggesting buy mode
More Beeps chevron-right

RECOMMENDED FOR YOU

No Impact On Reliance Power, Reliance Infra Due To CBI Action On RCom: Filings
timelogo Aug 24, 2025
Reliance Infra, Reliance Power Hit Lower Circuits As ED Probes Fraud In Anil Ambani Group Entities
timelogo Aug 06, 2025
Reliance Power Shares Continue To Hit Lower Circuit As Anil Ambani Set To Appear Before ED Today
timelogo Aug 05, 2025
Reliance Power Issues Clarification After Anil Ambani Group Faces ED, CBI Heat
timelogo Jul 27, 2025

POPULAR

1
India's Food Transformation Key To Global Hunger Fight As Western Funding Drops: WFP Deputy Chief
2
Wall Street Halts Rally As Fed-Cut Euphoria Fades: Markets Wrap
3
CareEdge Ratings Upgrades Adani Green Energy Rating With Stable Outlook
4
US New-Home Sales Exceed Forecast Following Upward Revision
5
China To Expand Carbon Market With Major Industries By 2027