Reliance Power ED Case: The Enforcement Directorate (ED) is continuously taking action against Anil Ambani’s Reliance Group company. A case of fake bank guarantee of Rs 68 crore has been registered against Reliance Power of the country’s well-known businessman Anil Ambani. So far 3 arrests have been made in this regard.
Meanwhile, amidst all this, the company’s shares are continuously fluctuating. On Monday, November 10, the company’s shares rose to Rs 42.30 on the Bombay Stock Exchange (BSE). Which shows a jump of about 8 percent from the previous day’s close.
Condition of company’s shares on Monday
There is a rise in the shares of Reliance Power on Monday. At around 1:35 pm, the company’s shares were trading at Rs 41.40 on BSE with a rise of 5.50 per cent. Which shows an increase of Rs 2.16 compared to the previous day’s closing. During the trading day the company shares had reached a high level of Rs 42.30.
If we talk about the figures, the company’s shares had reached Rs 76.49 during its 52-week all-time high. Along with this, the all time low of 52 weeks was Rs 31.30.
Company’s statement in fake bank guarantee
In the fake bank guarantee case of Rs 68 crore, the company has said that the person arrested by ED has nothing to do with Reliance Power or any subsidiary unit related to it. Even after the arrest of a person named Amar Nath Dutta, a statement was issued by the company and information was given that Anil Ambani has nothing to do with all this.
Last Thursday, ED had arrested Amar Nath from Kolkata. ED alleges that Dutta played an important role in getting a fake bank guarantee to a subsidiary of Reliance Power. After the hearing in the Special Court of Delhi, Dutta was sent to ED custody for 4 days.
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