Bro, yeh mamla aur gehra hota ja raha hai.
Tina Ambani ne toh dusri baar bhi Enforcement Directorate (ED) ke summons ko bahana maar diya hai, aur woh bhi February 17, 2026 ko. Yeh sab money laundering ke case mein chal raha hai, jismein kaha ja raha hai ki ₹40,000 Crore se zyada ka paisa involve hai aur New York mein ek condo bhi khareeda gaya hai. ED is mamle mein kaafi sakhti dikha raha hai aur ab tak ₹12,000 Crore ke assets bhi attach kar chuke hain. Upar se, Reliance Power ke CFO Ashok Kumar Pal ko Yes Bank loan fraud case mein arrest bhi kiya gaya hai. Matlab, ADAG group legal aur financial problems mein phansa hua hai.
Dekho, yeh sab problems sirf bahar se nahi hain, andar se bhi ADAG ki companies ki haalat bahut patli hai. Agar Reliance Power ko dekho toh iski market cap lagbhag ₹11,000-11,300 Crore hai, lekin iska P/E ratio 39-40 ke aas paas hai, jo ki kaafi high hai, khaas kar jab iska Return on Equity (ROE) negative hai aur pichhle paanch saal mein sales growth sirf 0.05% rahi hai. Wahi Reliance Infrastructure ki market cap ₹4,000-5,400 Crore hai, lekin P/E ratio 1-2 ke aas paas hai, jo dikhata hai ki kitni badi gadbadi hai. Pichhle ek saal mein isne 40% se zyada ka negative return diya hai. Iske muqable mein, L&T jaise players ki market cap ₹5.8 lakh Crore hai aur Adani Power ₹2.75 lakh Crore ki valuation par strong performance de raha hai. Group par purana karza bhi bhari hai, 2018 mein yeh ₹1.7 lakh Crore cross kar gaya tha. RCOM ka hi karza ₹40,413 Crore tha aur Reliance Power par ₹18,766 Crore ka karza hai.
Aaj kal India mein infrastructure aur power sector mein zabardast growth chal rahi hai. Government bhi is sector mein 9.57% CAGR tak ki growth dekh rahi hai 2033 tak aur kaafi investment bhi kar rahi hai. Lekin ADAG group is achhi hawa ka fayda utha nahi pa raha hai. Jab bhi ED koi action leta hai, unki stocks 5-7% tak gir jaate hain. Matlab yeh apne competitors se kaafi piche reh gaye hain.
Asal mein, ADAG group ki problem koi ek baar ki galti nahi hai, yeh toh unke business chalane ke tarike, galat management aur purani weaknesses ka pattern ban gaya hai. Bankon aur regulators ne bhi inki kai companies ko 'fraud' declare kiya hai. Reliance Infrastructure ke low P/E aur negative returns bata rahe hain ki investors ko iske wapas track par aane ki koi ummeed nahi hai. Reliance Power bhi consistently achhi kamai nahi kar pa raha hai. ED ke continuous actions, assets attach karna, aur executives ko arrest karna yeh dikhata hai ki andar chal rahi gadbadi abhi bhi khatam nahi hui hai. Yeh sab dekh kar lagta nahi hai ki jab tak koi bade changes ya karza kam nahi hota, ADAG group ke liye kuch bhi theek hone wala hai.