The shares of Reliance Power came under pressure this week after news of a CBI raid linked to companies of Anil Ambani. The action was connected to an old bank loan fraud case involving Reliance Communications, a different group company that went insolvent some years ago.

What Happened?

The Central Bureau of Investigation (CBI) registered a case of suspected bank fraud of nearly ₹3,000 crore. As part of the investigation, the agency carried out searches at the residence of Anil Ambani and offices related to Reliance Communications.

Anil Ambani strongly denied all charges and said that he had no role in the daily running of Reliance Communications at the time.

Impact on Reliance Power

Even though the case is about Reliance Communications, the market sentiment quickly spilled over to other group firms. Reliance Power and Reliance Infrastructure both issued statements saying that they are not connected to the case, and their businesses remain unaffected. They also clarified that Anil Ambani has not been part of their boards for more than three years.

Market Reaction

Despite these clarifications, Reliance Power shares saw heavy selling pressure. The stock fell close to 5% in a single trading session, hitting its lower circuit limit. Traders said that investors reacted emotionally to the news, fearing wider trouble for the Anil Ambani–led group.

Key Takeaways

• The CBI raid is linked only to Reliance Communications, not Reliance Power. 

• Reliance Power has confirmed that its operations and finances remain stable.

• Market sentiment, however, turned negative, pulling the share price down sharply.