BIG blow to Anil Ambani, as shares of THESE two companies decline by 5% due to…

Reliance Infra fell to 377.45 RS with a decrease of 5 percent, while Reliance Power fell by 3.66 percent to 65,51 RS.

Anil Ambani’s Reliance Infrastructure Ltd and Reliance Power Ltd shares, the Indian State Bank (SBI), officially tagged the Reliance Communications (RCOM), and the former director Anil Ambani declined on Thursday. Relice Power fell to 65.51 RS with a decrease of 3.66 percent, while the Reliance Infra fell 5% to settle 377.45 RS.

Rinfra and RPower clearly stated that they are companies that are independently listed in their regulatory applications with RCOM without financial or commercial bonds. Trust Infrastructure and Reance Power, the latest SBI action on business operations, financial performances, shareholders, employees or other stakeholders, he said.

He added that Anil Ambani is no longer a member of the company’s board of directors and that governance and business practices are not affected by any legal or regulatory action related to RCOM.

The statement, RCOM’un said in a statement on the Stock, on June 23, 2025 (on June 30) received a letter from the SBI and the former manager of the bank Anil Ambani’nin Choosing the name of the Indian Bank (RBI), and the company’s credit account made a fraudulent classification.

Currently, according to RCOM, the CIRP, the CIRP, the debts in accordance with the Corporate Bankruptcy Decree in accordance with the Bankruptcy and Bankruptcy Law (IBC), are before CIRP. The decision plan was authorized by the Business Committee of the enterprise and according to the company, the final clarity is expected from the Mumbai National Labor Law Court (NCLT).

In his letter, the SBI said, “We received the consciousness of why the show gives to our notification (wherever it was taken) and after the necessary examination, we concluded that RCOM did not provide enough reasons for the irregularities or adherence to the loan conditions.” He said.

As a result, SBI said that RCOM’s credit account was classified as fraudulent by the fraud identity committee. Furthermore, Chapter 238 of the Bankruptcy and Bankruptcy Law (IBC) guarantees that their requirements are prioritized according to laws that may conflict. The enterprise does not foresee that the fraud classification will have a significant impact considering these legal guarantees. Legal adviser is also sought to decide the best way of action.