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Reliance Infrastructure Limited ( (IN:RELINFRA) ) has provided an announcement.
Reliance Infrastructure Limited has announced that the Enforcement Directorate (ED) has placed a lien on the company’s bank accounts amounting to Rs. 77.86 crore due to alleged violations under the Foreign Exchange Management Act (FEMA). The company has stated that it will take appropriate legal steps in response to this order. This development could impact the company’s financial operations and may have implications for its stakeholders, as it addresses the legal challenges posed by the ED’s order.
More about Reliance Infrastructure Limited
Reliance Infrastructure Limited operates in the infrastructure sector, focusing on the development, operation, and maintenance of infrastructure projects across various segments such as power, roads, and metro rail. The company is a part of the Reliance Group, which is one of India’s largest conglomerates.
Average Trading Volume: 235,973
Technical Sentiment Signal: Sell
Current Market Cap: 63.19B INR
Find detailed analytics on RELINFRA stock on TipRanks’ Stock Analysis page.