There is a tremendous rise in the shares of Anil Ambani’s companies on the last trading day of the week. Anil Ambani’s shares have increased by about 14% today, due to which investors are happy. Reliance Power became the fourth most traded stock on NSE today with 74.4 million shares worth ₹361 crore transacted. Exchanges have not made any announcement regarding this surge.
Reliance Power shares rose 14.06% to ₹50.70. Reliance Infrastructure shares crossed 5% upper circuit limit to hit ₹241. The surge in shares comes after Reliance Power recently received a show cause notice from the Securities and Exchange Board of India (SEBI) regarding Reliance Infrastructure’s investment in CLE Pvt Ltd, even though the company has said it has no investment in CLE.
What did Reliance Infra say?
In response to SEBI’s notice, Reliance Power said it will take appropriate action based on legal advice. In a separate filing, Reliance Infrastructure clarified that it had already disclosed on February 9, 2025, that its dispute with CLE Pvt Ltd has been settled through agreed terms filed in the arbitration center of the Bombay High Court, as per the Arbitration Act, 2023.
Reliance Infrastructure said that after a delay of eight months, SEBI has issued a show cause notice alleging violations of SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 and SEBI Act, 1992. The settlement with CLE Private Limited has already been fully implemented under the Arbitration Act, 2023.
Tremendous rise in shares
As of 12:52 pm, Reliance Power shares were trading at ₹48.56, up 9.22%. In six months, the stock has given 21% returns, while in one year, it has gained only 4%. The market capitalization of Reliance Power is ₹18,384 crore. Reliance Infrastructure shares have fallen more than 7% in the last six months and 24% so far this year. Moreover, it has declined by 14% in a year.