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RInfra, RPower Slump After SBI Move on RCom
Financial Express Hyderabad
|July 04, 2025
STOCK PRICES OF Reliance Infrastructure (RInfra) and Reliance Power (RPower) took a hit on Thursday, following Reliance Communications' (RCom) announcement on Tuesday that State Bank of India (SBI) had classified the loan account of RCom as fraudulent.
The news of SBI initiating action to report former director Anil Ambani to the Reserve Bank of India has led to a significant decline in the stock prices of the Anil Ambani group companies, with Reliance Power and Reliance Infrastructure losing 6% and 7%, respectively, over the past two days, compared to a marginal 0.55% fall in the Sensex during the same period.
Diese Geschichte stammt aus der July 04, 2025-Ausgabe von Financial Express Hyderabad.
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