Reliance Group Condemns Cobrapost; Calls It a “Malicious Campaign to Mislead Shareholders”

The Reliance Group has strongly condemned what it has described as a “malicious and orchestrated campaign” by Cobrapost to tarnish the reputation of Reliance Infrastructure, Reliance Power, Group Chairman Anil D. Ambani, and over 5.5 million shareholders. The statement was issued ahead of

Cobrapost’s proposed press conference scheduled for October 30.

According to the Group, corporate rivals are allegedly backing the campaign with the intent to influence public perception and trigger panic in stock markets to acquire key Reliance Group assets at distressed prices. The Group said the material being circulated contains no new revelations and consists of old information already examined by agencies such as the CBI, ED, and SEBI. Many of the matters referenced remain sub judice.

The Group further alleged that individuals associated with Cobrapost attempted improper pressure tactics under the guise of journalism. Reliance termed such actions “unlawful and unacceptable,” adding that it will seek all appropriate legal remedies.

In response to recent volatility in trading patterns, Reliance Infrastructure and Reliance Power have filed a complaint with SEBI requesting an investigation to safeguard investor interests. The Group urged investors to rely on official disclosures rather than speculative claims.