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No Ripple Effect: Reliance Infrastructure Clarifies SBI Action on RCom Loan Has Zero Impact

Updated: July 03, 2025 15:03

Image Source : ETV Bharat
Amid market jitters triggered by the State Bank of India’s classification of Reliance Communications’ loan account as fraud, Reliance Infrastructure Ltd has issued a firm clarification stating that the action has no bearing on its operations, financials, or governance. The announcement comes as shares of Reliance Infra and Reliance Power saw a temporary dip, reflecting investor confusion over grouplevel implications.
 
Key Developments and Clarification
  • SBI recently flagged Reliance Communications’ Rs 31,580 crore loan account as fraud, citing fund diversion and irregularities  
  • The bank also plans to report former RCom director Anil Ambani to the Reserve Bank of India  
  • Reliance Infrastructure clarified that it is a separate legal entity with no financial exposure or operational link to the flagged transactions  
  • The company emphasized that its governance, compliance, and financial systems remain unaffected by the SBI action  
Market Reaction and Investor Sentiment
  • Reliance Infra shares fell by 5.12 percent to Rs 377.45, while Reliance Power dropped 4.89 percent to Rs 64.75 on the BSE  
  • The dip was attributed to investor concerns over potential contagion across Anil Ambaniled entities  
  • Analysts expect the clarification to stabilize sentiment, noting that Reliance Infra’s fundamentals remain intact  
Legal and Regulatory Context
  • RCom is currently under insolvency proceedings, with its assets managed by a resolution professional since 2019  
  • SBI’s fraud classification pertains to transactions prior to the insolvency process and does not implicate Reliance Infrastructure  
  • Legal representatives for Anil Ambani have challenged the SBI action, citing lack of due process and outdated notices  
Forward Outlook
  • Reliance Infrastructure continues to focus on its core businesses in power, infrastructure, and defense  
  • The company reiterated its commitment to transparency and regulatory compliance  
  • Investors are advised to distinguish between group entities and assess each company on its individual merits  
As Reliance Infrastructure distances itself from the RCom controversy, the episode underscores the importance of clear corporate boundaries—where legal separation and operational independence shield companies from reputational spillovers.
 
Sources: Republic World, Times of India, Business Standard, MSN News, New Indian Express, Economic Times, Hindustan Times

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