Anil Ambani Group Stocks Hit Lower Circuits After ED Raids

Anil Ambani Group stocks fell sharply on Friday after the Enforcement Directorate (ED) conducted large-scale raids as part of a ₹3,000 crore money laundering probe. This includes Reliance Power share price and Reliance Infrastructure share price

Anil Ambani Group Stocks Tumble After ED Action

The sharp fall came after news broke of ED raids on Thursday, July 24.

 On Friday morning, Reliance Power stock hit the 5% lower circuit, trading at ₹56.78 on the National Stock Exchange. This came as a shock to investors since the stock had risen more than 112% between March and June 2025.

Reliance Infrastructure also fell 5% to ₹341.85. This added to a nearly 9% drop over the last two sessions, even though the stock had gained about 40% over the last six months.

As of July 25:

• Reliance Power market cap stood at ₹23,490 crore
• Reliance Infrastructure market cap was ₹13,950 crore

ED Raids Tied to Yes Bank Loan Probe

According to reports, the ED searched 35 locations across Mumbai and Delhi, investigating nearly 50 companies and 25 individuals linked to the Reliance Anil Ambani Group (RAAGA).

 This action is part of a wider probe into loans disbursed by Yes Bank between 2017 and 2019.

Authorities believe that around ₹3,000 crore was diverted using shell companies, with suspected bribes paid to Yes Bank officials. Former Yes Bank CEO Rana Kapoor, already facing multiple fraud cases, is at the center of the investigation.

The ED is now examining whether these companies offered any benefits in return for large loans and whether proper corporate governance was followed. Some reports suggest the total misuse of funds could range from ₹20,000 to ₹30,000 crore, and the agency is now tracking potential hidden assets abroad.

Reliance Companies Respond to Investor Concerns

Both Reliance Power and Reliance Infrastructure issued public statements on July 24 to calm investors.

They clarified that the ED investigation does not impact current operations or financial performance.

Reliance Infrastructure stated that it has no links with RCOM or RHFL, the companies being investigated. Reliance Power added that Anil Ambani is not on its board and it has no financial connection with the other entities involved in the case.

Read more: IEX Q1 FY26 Profit Up 21% as Market Coupling Nears; PTC India’s Q1 Results Awaited.

Conclusion

While the ED’s investigation has spooked the market, Reliance Power and Reliance Infrastructure maintain that their operations remain unaffected. Investors holding these stocks in their demat accounts are advised to monitor updates from the ED and company filings closely.

This situation highlights how regulatory actions can significantly impact stock prices, even when the company's core operations are not directly involved.

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 Investments in the securities market are subject to market risks, read all the related documents carefully before investing.