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Reliance Power, Infra say financial performance remains unaffected

"No Impact on Reliance Power, its business operations, financial performance, shareholders, employees, or any other stakeholders," Reliance Power asserted in its statement

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Preliminary investigation reveals illegal loan diversion of around Rs 3,000 crores from Yes Bank (period 2017 to 2019). File Pic

Preliminary investigation reveals illegal loan diversion of around Rs 3,000 crores from Yes Bank (period 2017 to 2019). File Pic

"The ED probe allegedly linked to money laundering case against Reliance Anil Ambani Group (RAAGA) Companies has absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Power and Reliance Infrastructure," the Anil Ambani-owned Group companies said in two different standalone statements Thursday.

"No Impact on Reliance Power, its business operations, financial performance, shareholders, employees, or any other stakeholders," Reliance Power asserted in its statement.

"The media reports appear to pertain to allegations concerning transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL) which are over 10 years old," the statements, with language largely similar, read.

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