Anil Ambani reviewing Sebi order, to take next steps
Ahmedabad Mirror|August 26, 2024
On Aug 22 Sebi banned him and 24 others from securities market for 5 yrs on charges of alleged diversion of funds
Anil Ambani reviewing Sebi order, to take next steps

Businessman Anil Ambani is reviewing a Sebi order imposing a fine and banning him from capital markets for five years in an alleged fund diversion case and will take appropriate next steps as legally advised, his spokesperson said in a statement on Sunday.

Ambani, the spokesperson in a statement said, had resigned from the board of Reliance Infrastructure Ltd and Reliance Power Ltd, pursuant to Sebi’s interim order dated February 11, 2022 in the matter pertaining to Reliance Home Finance Ltd.

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