Reliance ED Raid 2025: The Enforcement Directorate (ED) has officially concluded its high-profile probe involving Reliance Power and Reliance Infrastructure, both part of the Anil Ambani-led Reliance Group. The ED raids, which spanned over 35 locations across Mumbai and Delhi, were linked to a broader investigation into a suspected Rs 3,000 crore loan fraud case.
In official stock exchange filings dated July 27, 2025, the companies confirmed that the ED action has ended and there is no impact on business operations. Both entities reassured stakeholders that operations remain unaffected, stating:
“The Company and all its officials have fully cooperated and will continue to cooperate with the authority.”
Reliance Group Distances Itself from RCOM and RHFL
As speculation grew around connections to Reliance Communications (RCOM) and Reliance Home Finance Ltd (RHFL)—the primary targets of the Reliance Group investigation—both Reliance Power and Reliance Infra issued clear denials. The firms stated they have no business or financial linkage with RCOM or RHFL and emphasized that Anil Ambani has no governance, management, or operational role in either entity.
They further clarified that the allegations relate to transactions over a decade old. RCOM has been undergoing insolvency proceedings for over six years, and the RHFL matter was resolved by the Supreme Court, with certain claims still sub judice before the Securities Appellate Tribunal (SAT).
Stock Market Reaction to ED Raids
Despite the reassurances, investors reacted cautiously on Friday, July 25, 2025:
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Reliance Power stock fell 4.99%, closing at ₹56.72
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Reliance Infrastructure dropped 5%, ending at ₹342.05
Both stocks hit their lower circuits after news of the ED raids Reliance Power and ED raids Reliance Infrastructure broke.
However, by Monday, July 28, Reliance Infrastructure shares zoomed nearly 5%, rising to ₹358 after the announcement of a massive Rs 18,000 crore strategic growth plan, signaling a strong comeback strategy.
Reliance Power’s Rs 18,000 Crore Growth Strategy Revealed
In a bid to regain investor confidence and push beyond the ED probe, the Anil Ambani ED probe response includes a bold diversification into high-growth sectors. Key initiatives include:
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A joint venture with Dassault Aviation to manufacture business jets
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A major Maintenance, Repair, and Overhaul (MRO) hub in India
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Expanded collaboration with Rheinmetall AG in the field of guided munitions
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Aggressive expansion in renewable energy, green power, and smart grids
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Growth in the BSES power distribution sector
This move aligns with India’s Make in India and Atmanirbhar Bharat initiatives, showcasing Reliance Group’s focus on long-term sustainability and national interests.
What’s Next in the Reliance Group Investigation?
With the ED’s active raid phase now complete, attention shifts to whether the Directorate will issue formal notices, charge sheets, or show-cause letters. So far, there is no confirmation of legal action beyond the seizure of digital assets, data storage devices, and corporate documents.
Industry analysts suggest that while the legal process may continue, Reliance Power and Reliance Infra’s proactive communication and strategic roadmap could help shield them from reputational and operational damage.
Conclusion: Business Unaffected, ED Raids Over, Focus Back on Growth
In the wake of the ED raids on Reliance Group companies, Reliance Power and Reliance Infrastructure have reaffirmed their independence from RCOM and RHFL, distanced themselves from the Anil Ambani ED probe, and declared business continuity. With stock performance showing early signs of recovery and an ambitious growth plan in place, the companies are shifting the narrative from regulatory heat to renewed momentum.