Business Update20 Nov 2025, 08:21 pm
Reliance Group Clarifies Asset Ownership, No Material Impact on Reliance Infrastructure and Reliance Power
AI Summary
Reliance Group has clarified that the assets mentioned in a recent ED order belong to Reliance Communications (RCOM), which has been undergoing the Corporate Insolvency Resolution Process (CIRP) for over six years. The Group emphasized that Mr. Anil D. Ambani is not involved with RCOM and has not served on the Board of Directors of Reliance Infrastructure or Reliance Power for over three and a half years. The attachment order has no material impact on the operations, performance, or future prospects of Reliance Infrastructure and Reliance Power. Both companies continue to focus on growth, operational excellence, and their commitment to stakeholders.
Key Highlights
- Reliance Group clarifies that assets mentioned in ED order belong to Reliance Communications, not Reliance Infrastructure or Reliance Power
- Reliance Communications has been undergoing CIRP for over six years, all matters are sub judice before NCLT and Supreme Court of India
- Mr. Anil D. Ambani is not involved with Reliance Communications and has not served on the Board of Directors of Reliance Infrastructure or Reliance Power for over three and a half years
- The attachment order has no material impact on the operations, performance, or future prospects of Reliance Infrastructure and Reliance Power
- Reliance Infrastructure and Reliance Power continue to focus on growth, operational excellence, and commitment to stakeholders