ED attaches Reliance Infra's ₹762 cr stake in Reliance Power
Provisional attachment under PMLA for alleged violations during 2017-19. The order, served July 11, adds to earlier attachments on BSES and Mumbai Metro One.
— 3 earlier stories on Reliance Infrastructure Ltd. →What's new
- Enforcement Directorate issued provisional attachment order on July 10, 2026, seizing Reliance Infra's stake in associate Reliance Power.
- The attachment amount of ₹762.75 crore relates to alleged PMLA violations during 2017-2019.
- Reliance Infra says it will take all legally advised steps to protect shareholder interests.
Why this matters
This is a new and previously undisclosed regulatory action distinct from earlier PMLA attachments on subsidiary entities. At over 26% of Reliance Infra's market cap, the attachment introduces significant downside risk to a company already facing CBI charges and a NCLT admission on its toll road unit. The group's recovery prospects now face a fresh, material headwind.
What we're watching
- Whether Reliance Infra challenges the attachment in court and the outcome.
- Any further regulatory actions or findings from the ED investigation.
- Impact on Reliance Power's valuation given the attachment of its parent's stake.
The full read
Reliance Infrastructure's already-stressed balance sheet just took another blow. The Enforcement Directorate has provisionally attached the company's ₹762.75 crore stake in associate Reliance Power, citing PMLA violations during 2017-19. The order, served July 11, is a fresh regulatory action — distinct from earlier attachments on BSES and Mumbai Metro One — and at over 26% of Reliance Infra's ₹3,166 crore market cap, it is material. The company now faces a cumulative set of headwinds: this ED action, a CBI chargesheet from July 7, and the NCLT admission of its toll road unit in June. Reliance Infra says it will fight the order, but the burden of proof now shifts to the company. For a stock already under ASM trading restrictions with 7 lakh retail shareholders, the path to recovery just got steeper.
Questions answered
- What exactly has the Enforcement Directorate attached?
- The ED issued a provisional attachment order on July 10, 2026, seizing Reliance Infrastructure's shareholding in associate company Reliance Power Limited, valued at ₹762.75 crore.
- What is the legal basis for the attachment?
- The attachment is under the Prevention of Money Laundering Act for alleged violations during the period 2017-2019. The order was served on Reliance Infra on July 11, 2026.
- How significant is this amount relative to Reliance Infra's size?
- At ₹762.75 crore, the attached stake represents over 26% of Reliance Infrastructure's current market capitalisation of ₹3,166 crore, making it a material event.
- What other regulatory actions has Reliance Infra faced recently?
- The company has previously faced provisional attachments on its stakes in BSES Yamuna, BSES Rajdhani, and Mumbai Metro One. It was also named in a CBI chargesheet in July 2026 and its toll road unit faced CIRP admission in June 2026.
- What is Reliance Infrastructure's response?
- The company stated it will take all legally advised steps to protect shareholder interests. It did not provide specific details on the planned course of action.
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All notes on RELINFRA →- 11 Jul 2026 · 11:24 PM IST ED attaches Reliance Infra's ₹762 cr stake in Reliance Power
- 4d ago Reliance Infra named accused in CBI chargesheet for Reliance Commercial Finance
- 30d ago Reliance Infra's toll road unit faces CIRP as NCLT admits ₹282.6 cr claim
- 34d ago Reliance Infra wants SEBI to ease trading limits on its stock