Anil Ambani’s Reliance stocks tumble up to 10%. Here’s what is behind the steep selloff
Shares of Anil Ambani-led Reliance companies tumbled up to 10.5% in morning deals on Monday, October 13, after the Times of India reported that the Enforcement Directorate arrested senior Reliance Power executive Ashok Kumar Pal in the alleged fake bank guarantee and fake invoicing case on Saturday. Reliance Power shares cracked over 10% to their…