Reliance Power shares rally 8% ahead of Q2 results as company denies links to ED arrest in fake guarantee case
The Economic Times·2025-11-10 05:37
Reliance Power, in an exchange filing on Saturday, said the arrest of Amar Nath Dutta “has no impact on the company’s business operations, financial performance, or stakeholders,” adding that both Reliance Power and its subsidiary, Reliance NU BESS Limited, are “victims of fraud, forgery, and a cheating conspiracy.”ED probe widensThe Enforcement Directorate on Thursday arrested Dutta, a Kolkata-based consultant, alleging he played an “active role” in arranging and submitting forged bank guarantees worth ov ...