Reliance Infra Faces ₹1,575 Cr Shareholding Attachment, Plans Appeal

Reliance Infrastructure Ltd has disclosed a significant development concerning the provisional attachment of its shareholding in subsidiaries BSES Yamuna Power Limited, BSES Rajdhani Power Limited, and Mumbai Metro One Private Limited. The attachment, confirmed by the Adjudicating Authority, PMLA, amounts to approximately ₹1,575 crore. The company has stated its intention to file an appeal challenging this order. This action stems from alleged violations of the Prevention of Money Laundering Act (PMLA) for the period 2017 to 2019. The company asserts the truthfulness and completeness of the information provided in its disclosure.