Greater Noida: Reliance Infrastructure on Sunday clarified that recent action by Central Bureau of Investigation on Reliance Communications Limited and on Anil D Ambani has no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure.
Reliance Infrastructure informed in a press release, “Disclosures and records available in public domain indicate that the complaint filed by State Bank of India (SBI) pertains to matters dating back more than 10 years. At the relevant time, Mr. Ambani was an ordinary Non-Executive Director of Reliance Communications, with no involvement in the day-to-day management. Mr. Ambani resigned from the Board of Reliance Communications six years ago, in 2019.”
The company further said, “At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional. The matter remains sub judice, pending before the NCLT and other judicial forums, including the Hon’ble Supreme Court, for the past six years.”
“Reliance Infrastructure is a separate and independent listed entity with no business or financial linkage to Reliance Communications.Further, Mr. Anil D. Ambani is not on the Board of Reliance Infrastructure Limited for more than 3.5 years. Accordingly, any action in relation to Reliance Communications has no bearing or impact on the governance, management, or operations of Reliance Infrastructure,” Reliance Infrastructure added.
