RCOM Receives Provisional Attachment Orders from Directorate of Enforcement
RCOM received provisional attachment orders from the Directorate of Enforcement regarding assets of its subsidiaries, CPL and RRL, under the PMLA.
The attachment of assets of subsidiaries could negatively impact the value of the company's investment and potentially affect future operations.
The announcement discloses adverse regulatory action (provisional attachment orders) against the company's subsidiaries, indicating potential financial and operational challenges.
* Reliance Communications Limited (RCOM) received provisional attachment orders from the Directorate of Enforcement regarding assets of its wholly-owned subsidiaries, Campion Properties Limited (CPL) and Reliance Realty Limited (RRL). * Provisional Attachment Order No. 36 of 2025, dated November 03, 2025, relates to certain assets of RRL. * Provisional Attachment Order No. 32 of 2025, dated October 31, 2025 (received on November 03, 2025), concerns certain assets of CPL. * The asset of CPL under attachment is the lease of a 3.7-acre plot of land at Maharaja Ranjit Singh Marg, New Delhi. * The asset of RRL is Plot No. Gen -1/2, admeasuring approximately 5,34,468.32 sq. m (132.07 acres), located at Trans Thane Creek Industrial Area, Navi Mumbai. * The orders were issued under the Prevention of Money Laundering Act (PMLA), 2022. * The value of RCOM's investment in RRL and CPL might be adversely affected during the continuance of the provisional attachment orders.
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Reliance Communications Limited filed this with the NSE as a statutory disclosure, categorised under regulatory impact. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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