Troubles for the Anil Ambani Group of companies are not ending. The latest on the ED summons to Anil Ambani over Rs 10,000 crore loan fraud on August 5—Reliance Group sources have confirmed to Financial Express.com that Reliance Infrastructure had publicly disclosed the matter on February 9 2025, and SEBI did not make any independent discovery.
According to the source-based information shared with Financial Express.com, “Reliance Infrastructure had an exposure of Rs. 6,500 crore. The allegation that the diverted amount is Rs 10,000 crore only serves to sensationalise the magnitude and is not based on facts.”
Reliance Infrastructure clarifies
When contacted, Reliance Infrastructure responded that “The company wishes to clarify regarding today’s media reports pertaining to over 10 years old matter as regards the alleged diversion of Rs. 10,000 crore to an undisclosed related party, when the exposure as per the disclosures in the company’s financial statements is only around Rs. 6,500 crore.”
They further added that “In this connection, attention is invited to the fact that Reliance Infrastructure had publicly disclosed this matter on 9 February 2025, nearly 6 months ago.”
As per the latest response from Reliance Infrastructure, it had a net exposure of Rs. 6,500 crore which was duly disclosed in its financial statements for 4 years. Reliance Infrastructure diligently pursued recovery of its dues in this matter. Through mandatory mediation proceedings conducted by a retired Supreme Court Judge and the mediation award filed before the Hon’ble Bombay High Court, Reliance Infrastructure arrived at a settlement to recover its 100% exposure of Rs. 6,500 crore.”
Further, they added that “Anil D. Ambani has not been on the Board of Reliance Infrastructure for more than 3 years i.e. since March 2022.”
Anil Ambani Group stocks under pressure
The Anil Ambani Group stocks continue to be under pressure. Reliance Infra share price is locked in 5% i lower circuit. Reliance Power shares too are down 5% intra-day. Both the shares are down over 10% in the last 5 days.