Anil Ambani-linked Raids Send Reliance Shares Down 10%

Shares of Anil Ambani’s Reliance Infra and Reliance Power have fallen nearly 10% over just two trading sessions. The drop came right after Enforcement Directorate teams carried out raids at locations linked to the business group. These actions were part of an ongoing investigation into financial dealings, adding fresh pressure on companies already battling heavy debt and weak earnings.