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Reliance Power Faces Rs 2026 Crore ED Seizure Of Sasan Shares


13 October 2026
Reliance Power Ltd.

ED seized Sasan Power shares worth Rs 2026.65cr and Rs 6.16cr bank balances under FEMA over 2006 FCCBs and 2008 Singapore investment, alleging Section 4 breach disputed by company; shares already pledged to PFC, restraint on dealing, no penalty, provisional. Context: extends regulatory overhang to core coal-generation subsidiary.


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