13-Oct-2026 22:25:42

RPOWERGeneral news

RPOWER : ED SEIZES SASAN POWER SHARES WORTH RS 2026.65 CR

• ED Order No.AD/HIU-2(4)(3)/2026/37(A)/01 dated October 12, 2026 under Section 37A(1) of FEMA • Seizure of shares of Sasan Power Limited, wholly owned subsidiary, worth ₹2,026.65 Cr • Bank balances of the Company amounting to ₹6.16 Cr also seized • Order relates to FCCBs issued in 2006 and overseas investment made in 2008 in a Singapore subsidiary • Shares already pledged in favour of Power Finance Corporation (GoI undertaking) for over 10 years • Seizure is provisional and subject to confirmation by the Competent Authority; Company disputes allegations, no penalty imposed

Reliance Power Limited

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