Reliance Infrastructure

The Enforcement Directorate (ED) has carried out extensive raids at Reliance Infrastructure Ltd as part of an ongoing investigation into alleged violations of the Foreign Exchange Management Act (FEMA). The actions, targeting multiple company offices, aim to scrutinize cross-border financial transactions and assess compliance with India’s foreign exchange regulations. Officials indicate that the probe focuses on potential irregularities in overseas remittances, capital inflows, and investment reporting.

Reliance Infrastructure Ltd (RInfra), a key player in India’s engineering and infrastructure landscape, has announced plans to raise up to Rs. 9,000 crore through a combination of equity and debt instruments. This ambitious capital raising initiative aims to significantly reduce existing liabilities and provide fresh impetus to the company’s infrastructure and energy ventures. By strengthening its financial position, RInfra seeks to navigate sectoral challenges, tap into emerging opportunities, and reinforce investor confidence.

In response to the State Bank of India’s recent classification of Reliance Communications’ (RCom) loan account as “fraud,” two other Anil Dhirubhai Ambani Group (ADAG) companies—Reliance Infrastructure and Reliance Power—have issued formal statements distancing themselves from the development. The companies emphasized that they are independent, publicly listed entities with no financial or operational ties to RCom, nor to its erstwhile director Anil Ambani.