Anil Ambani's Reliance Group Confirms Business Operations Unaffected by ED's Rs 7,500 Crore Property Attachment

New Delhi:

Reliance Group, led by Anil Ambani, announced Tuesday that the Enforcement Directorate's attachment of Rs 7,500 crore worth of properties has not affected the business operations of the group's listed companies. The attachment is related to a money-laundering investigation.

According to stock exchange filings, most of the attached assets belong to Reliance Communications, which is currently under the supervision of a Resolution Professional (RP) and a committee of creditors (CoC) headed by State Bank of India.

The ED issued four provisional orders on October 31 under the Prevention of Money Laundering Act (PMLA), attaching 42 properties. These include the 66-year-old Ambani's family residence in Pali Hill, Mumbai, along with other residential and commercial properties owned by his group companies.

The attachment stems from cases involving Reliance Communications and its affiliates regarding alleged diversion of loans obtained from YES Bank between 2017 and 2019.

"Reliance Infrastructure Limited and Reliance Power Limited wish to clarify that there is no material impact on the operations, performance, or future prospects of either company," stated the firms in their stock exchange filing.

The filing further clarified that both Reliance Infrastructure and Reliance Power continue to operate normally, maintaining their focus on growth, operational excellence, and their commitment to all stakeholders, particularly their shareholder base of over 50 lakh investors.

"The largest value of assets attached belongs to Reliance Communications, which has not been a part of the Reliance Group since 2019 - i.e. for the last six years. The company has been undergoing the Corporate Insolvency Resolution Process (CIRP) for over six years. All matters relating to its resolution are currently sub judice before the National Company Law Tribunal (NCLT) and the Supreme Court of India," the statement explained.

The companies emphasized that Anil D Ambani has had no involvement with Reliance Communications since his resignation six years ago in 2019. They also noted, "Anil D Ambani has also not served on the Board of Directors of either Reliance Infrastructure or Reliance Power for over three and a half years."

"The repeated inclusion of Anil D Ambani in successive versions of all reports is unfortunately unwarranted and blatantly unfair," the filing stated.

According to the filing, Reliance Infrastructure is a zero-bank-debt company with assets worth Rs 65,840 crore and a net worth of Rs 14,287 crore as of March 31, 2025, supported by a strong retail shareholding base of over 7 lakh investors.

Similarly, Reliance Power is also a zero bank debt company, possessing assets worth Rs 41,282 crore and a net worth of Rs 16,337 crore as of March 31, 2025.

"Both Reliance Infrastructure Limited and Reliance Power Limited have filed a formal complaint with Securities and Exchange Board of India (SEBI) on October 29, 2025, against a systematic campaign of price hammering and market manipulation by an illegal bear cartel and vested interests," the filing added.

The Reliance Group highlighted that its two flagship companies - Reliance Infrastructure Limited and Reliance Power Limited - are completely debt-free, with no outstanding loans from any bank or financial institution.