ED seizes Reliance Power promoter shares worth ₹762.75 cr, ₹258 cr receivables
Provisional attachment for alleged PMLA violations adds to regulatory overhang for a company already facing going-concern risk and a ₹337 cr loss.
— 3 earlier stories on Reliance Power Ltd. →What's new
- ED provisionally attaches Reliance Infrastructure's shares in Reliance Power worth ₹762.75 crore.
- Inter-company receivables of ₹258.44 crore also attached under PMLA for 2017-2019 violations.
- This follows a previous upheld attachment of ₹407.6 crore, compounding regulatory pressure.
Why this matters
The attachment targets promoter holdings directly, raising questions about promoter financial health. It comes as the company already grapples with a ₹337 crore annual loss, a going-concern warning from its auditor, and a planned ₹9,000 crore fundraise — roughly 80% of its market cap.
What we're watching
- Whether Reliance Power challenges the order in court.
- Impact on the proposed ₹9,000 crore equity and debt raise.
- Any further ED actions or probe expansions.
The full read
The Enforcement Directorate has served Reliance Power a fresh provisional attachment order, targeting ₹762.75 crore in promoter shares held by Reliance Infrastructure and ₹258.44 crore in inter-company receivables, about 2.5% of market cap. The order, under PMLA for alleged violations during 2017-19, comes on top of a ₹407.6 crore attachment already upheld. For a company that just reported a ₹494 crore quarterly loss, has a going-concern flag from its auditor, and is seeking ₹9,000 crore from shareholders, this is another regulatory weight. The promoter's own financial position is now under the microscope. Reliance Power says it will take appropriate legal steps. It won't undo the signal.
Questions answered
- What exactly did the ED attach?
- The ED attached promoter Reliance Infrastructure's shares worth ₹762.75 crore and inter-company receivables of ₹258.44 crore under the Prevention of Money Laundering Act.
- Is this the first such attachment against Reliance Power?
- No. An earlier attachment of ₹407.6 crore from the same PMLA probe was upheld, making this the second major enforcement action.
- How significant is the ₹258.44 crore figure relative to the company's size?
- It represents about 2.5% of Reliance Power's market cap of ₹10,290 crore.
- Does this affect Reliance Power's operations directly?
- Not immediately – the attachment is provisional and the company has said it will take legal steps. However, it adds to regulatory overhang and could complicate the planned ₹9,000 crore fundraise.
Reliance Power Ltd.
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All notes on RPOWER →- 11 Jul 2026 · 11:39 PM IST ED seizes Reliance Power promoter shares worth ₹762.75 cr, ₹258 cr receivables
- 11d ago Reliance Power rebrands four subs with AI labels, reveals no plan or capital
- 51d ago Reliance Power auditor flags going-concern risk as it books a ₹337 cr loss
- 51d ago Reliance Power swings to ₹337 cr loss, seeks ₹9,000 cr from shareholders