“Stocks Rattle as Scrutiny Deepens – ED Heat on Reliance Sparks Sell-off”

Reliance Group Stocks Tumble 5% Amid ED Probe Into ₹17,000 Cr Loan Fraud

Shares of Anil Ambani-led Reliance Group companies saw sharp declines of nearly 5% following reports of an Enforcement Directorate (ED) investigation into a ₹17,000 crore loan fraud case. Reliance Power plunged 5% to ₹47.58, Reliance Infrastructure dropped 4.98% to ₹296.15, and Reliance Home Finance slipped 4.84% to ₹4.84. The ED is reportedly preparing to question several bank officials allegedly involved in the disbursal of loans under scrutiny. This development has raised investor concerns over potential legal ramifications and financial instability within the group. The market reaction reflects shaken investor confidence amid fears of deeper regulatory action and long-term reputational damage. Analysts suggest that volatility in Reliance Group stocks may persist as the probe unfolds. This marks another blow for Anil Ambani’s companies, which have been under financial pressure in recent years due to mounting debt and governance concerns.