Reliance Power shares crash 5% as ED seizes ₹2,033 crore assets in FEMA case against Anil Ambani firm - What's next?
ED moved higher.
· LiveMint Markets
Reliance Power shares fell 4% after the Enforcement Directorate seized assets worth ₹2,032.81 crore under a FEMA investigation. The agency alleges funds raised overseas were routed through foreign entities and supported by fabricated documents.
The analysis
ED reported ₹2,033 crore, with movement of 5% and 4% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.7% on the day at ₹1,206.50, and has returned -7.0% over three months. It sits 24% below its 52-week high. The oil & energy sector has moved -1.8% over the same period, so Reliance Industries is running 5.2 points behind its peers.
For Reliance Industries, the question is how much of this is already reflected in the price and how much re-rates the oil & energy peer set alongside it.
Why it matters
- With ED involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is RELIANCE.
- Sector exposure: Oil & Energy, Power.
- The immediate tone of coverage reads negative.
In this story
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