Reliance Power Targeted in CBI Search Operation Over Financial Transactions
Reliance Power Limited has been subject to a search and seizure operation conducted by the Central Bureau of Investigation (CBI) at its registered office premises. The investigation, which is now concluded, pertains to transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited.The company affirmed that it has fully cooperated with the investigating CBI authority and stated that it will continue doing so.
According to details released regarding the matter, the search operation was conducted by the Central Bureau of Investigation (CBI). The action focused on alleged violations or contraventions related to transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited.
A statement confirmed that there is no impact on the business operations of the Company. Reliance Power continues to operate its business in the normal course.
Key details regarding the event include:
| Detail | Description |
|---|---|
| Authority Involved | Central Bureau of Investigation (CBI) |
| Action Status | Search and seizure operation conducted and concluded at the registered office premises. |
| Allegation Context | Transactions involving Reliance Commercial Finance Limited and Reliance Home Finance Limited. |
| Business Impact | No impact on the business operations; Company continues normal business activities. |
RPOWER Stock Price Movement
On Friday, shares of Reliance Power Limited shed 0.37%, closing at ₹24.44 after settling below the previous day's close. The stock saw a total traded volume of 15.89 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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