ED arrests two former executives of Reliance Anil Ambani Group
The ED has taken transit remand of Sateesh Seth and Gautam Doshi, both of whom previously served as directors of Reliance Telecom Ltd., and is taking them to Delhi as the case is registered in the national capital, they said.
Impacted Stocks
RCOM — Reliance Communi
▼ Bearish —The arrest of former directors of Reliance Telecom Ltd directly damages investor sentiment for its parent company, Reliance Communications. Given the existing financial distress and ongoing insolvencies within the ADAG group, this regulatory enforcement will likely pressure the stock downwards over a multi-day swing timeframe. The event highlights unresolved structural and legal legacy risks associated with the firm's telecom operations.
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