ED jolts Anil Ambani grp's fragile recovery

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Anil Ambani's Reliance empire, once burdened by debt, saw Reliance Power and Infrastructure stocks rally, fueled by operational improvements and infrastructure optimism. However, ED raids on group-linked entities disrupted this revival, reviving memories of past defaults. Despite distancing themselves from Anil Ambani, the firms face scrutiny over legacy defaults of RCOM and RHFL.

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