Companies

‘No search carried out at any Reliance Group office’

Our Bureau New Delhi | Updated on January 24, 2018 Published on February 23, 2015

Anil Ambani, Chairman, Reliance Group

The Anil Ambani-led Reliance Group on Monday denied any search or raid at any of its offices.

The Group added that the work station of only one specific Reliance Power employee was searched and no incriminating material was found.

"We are not aware of the circumstances leading to the arrest of that employee and Reliance Power is fully cooperating with the authorities. We are committed to propriety in all our business dealings and do not support unlawful activities of any nature," the company said.

In separate regulatory filings with stock exchanges, all listed companies of Anil Ambani-led Group also said “no search or raid has been conducted by police authorities at any office of the Reliance Group anywhere in India“.

The filings made by Reliance Capital, Reliance Infrastructure, Reliance Communications and Reliance Power stated that the Group clarifies its position in the “interest of millions of its investors”, following “misleading reports in a section of the media”

Meanwhile, Reliance Power shares were trading 1.66 per cent down at Rs 62.30 per scrip, while those of Reliance Capital fell 0.69 per cent to Rs 454.30 apiece during early trade on the BSE.

Besides, Reliance Infrastructure shares fell 1.05 per cent at Rs 461.20 per scrip, while those of Reliance Communications declined 1.11 per cent to Rs 71.20 apiece in early trade.

(With additional inputs from PTI)

Published on February 23, 2015
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