The Anil Ambani-linked Reliance Power made a regulatory filing to the stock exchanges here on Friday denying media reports of the Enforcement Directorate (ED) conducting searches at premises linked to the company in Mumbai and Hyderabad.
CBI and ED probes into companies linked to Anil Ambani continue as investigators examine alleged loan diversion and suspicious transactions involving Reliance Communications and related entities.
The company stated that it has received a Letter of Award (LoA) from SJVN on November 10.
The Enforcement Directorate began interrogating Ashok Kumar Pal, the Chief Financial Officer (CFO) and Executive Director of the Anil Ambani-linked Reliance Power, on Saturday, in an alleged money laundering case related to fake bank guarantee of Rs 68 crore.
Anil Ambani-led Reliance Power officially stated in a regulatory filing on Monday that it has inked a deal to divest its entire stake in five Indonesian coal subsidiaries to Singapore-based Biotruster Pte Ltd for USD 12 million.
In separate BSE filings, the companies said, “There is no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure [and Reliance Power] due to the recent action by CBI on RCFL, RHFL and Anil Ambani.”
Reliance Power has made a Rs 1,200 crore one-time settlement (OTS) offer to the lenders of its subsidiary, Vidarbha Industries Power Ltd (VIPL), to settle the debt.
Reliance Power, in a stock exchange disclosure, has informed that the Piramal Capital and Housing Finance has withdrawn the application made against Reliance Power Ltd. under section 7 of the Insolvency and Bankruptcy Code 2016.
The issue of shares and warrants to Reliance Infrastructure (RInfra) aims to reduce Reliance Power's standalone debt by Rs 1,325 crore.
The Board approved seeking approval of the members of the Company for the above proposal through Postal Ballot.
