In an exchange filing, RInfra stated that certain assets of the company have been attached by the ED but clarified that the move will have "no impact on its business operations, shareholders, employees or any other stakeholders."
Reliance Infrastructure hit its 5 per cent upper circuit limit at Rs 241, while Reliance Power climbed 14.06 per cent to Rs 50.70. There were no exchange announcements explaining the sharp rally.
Reliance Power said it received a show cause notice from SEBI in relation to Reliance Infrastructure Limited’s exposure in CLE Private Limited, for alleged violations, saying it has nil exposure to CLE Private Limited.
The Reliance Infra stock climbed 3.60 per cent to hit a high of Rs 271.85 apiece. This was the third straight day of rise for the Reliance Group stock.
Reliance Power declined 4.92 per cent to hit a low of Rs 41.73 on BSE. Reliance Infrastructure shares fell 5 per cent to hit a low of Rs 257.55 apiece. It was later trading at Rs 260.95, down 3.74 per cent.
Reliance Power Ltd was locked at its 5 per cent lower circuit limit at Rs 59.70 apiece on BSE. Reliance Infrastructure Ltd hit its circuit limit at Rs 360.05.
In separate regulatory filings, RInfra and RPower clarified that they are independent listed entities with no business or financial linkage to RCom.
The Reliance Infra stock hit a low of Rs 399, before closing the day at Rs 411, down 0.58 per cent.
"This significant export order underscores the strength of our partnership with Rheinmetall and reaffirms Reliance Defence's position as a trusted player in the global defence supply chain," the Anil Dhirubhai Ambani Group (ADAG)-controlled company said in a stock exchange filing.
RInfra: The stock jumped 5 per cent to hit its upper price band of Rs 386.05. At this price, it has soared 38.12 per cent in a month.
Reliance Infra shares rose 2.8 per cent to hit a high of Rs 378 apiece on BSE. The multibagger stock has climbed 122.68 per cent from its 52-week low of Rs 169.75 hit in July last year.
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