After the Enforcement Directorate seized assets worth more than Rs 3000 crore linked to Anil Ambani on Monday, Reliance Group has clarified that the attachment wouldn’t have any ‘material impact on the operations, performance, or future prospects’ of either Reliance Infrastructure or Reliance Power.
ED has reportedly attached properties including 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC), Navi Mumbai, Reliance Centre, New Delhi, a property at Pali Hill, Bandra (West), Mumbai and other assets belonging to Reliance Infrastructure
Reliance Group also clarified that the largest value of attached assets belongs to Reliance Communications, which has not been part of the Reliance Group since 2019 and has been under the Corporate Insolvency Resolution Process (CIRP) for over six years. Matters related to the company are currently before the NCLT and the Supreme Court of India.
According to the statement, Reliance Communications is currently managed by a Resolution Professional under the supervision of the Committee of Creditors (CoC), led by the State Bank of India and other lenders.
The Group noted that Anil D. Ambani resigned from Reliance Communications in 2019 and has not served on the boards of Reliance Infrastructure or Reliance Power for over three and a half years. It called repeated media mentions of him in recent reports as “unwarranted and unfair.”
According to the company, 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, and a retail shareholder base of over 7 lakh investors.
Similarly, Reliance Power is also a zero-bank-debt company, with assets worth Rs.41,282 crore, a net worth of Rs. 16,337 crore, and more than 43 lakh retail shareholders. Both companies have filed a formal complaint with SEBI on October 29, 2025, alleging a “systematic campaign of price hammering and market manipulation.”