Reliance Infra, Reliance Power shares slide 10% in 2 days after ED raids sites linked to Anil Ambani

Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani's premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED's investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and Reliance Power deny involvement, stating the probe relates to separate entities with no impact on their operations.