Anil Ambani reviewing securities market ban
Business Standard|August 26, 2024
Reliance Group chairman Anil Ambani is reviewing "appropriate" options after the Securities and Exchange Board of India (Sebi) banned him from the stock markets and imposed a ₹25-crore fine for alleged fund diversion from Reliance Home Finance (RHFL), a former subsidiary of Reliance Capital.
DEV CHATTERJEE
Anil Ambani reviewing securities market ban

In a statement, a spokesperson for Ambani said he had resigned from the boards of Reliance Infrastructure and Reliance Power pursuant to the Sebi interim order February 11, 2022.

"Ambani is reviewing the final order dated August 22 passed by Sebi in the matter, and will take appropriate steps as legally advised," the statement said.

In a separate statement, Reliance Infrastructure said the company was not a noticee or party to the proceedings before Sebi in which the order was passed.

This story is from the August 26, 2024 edition of Business Standard.

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This story is from the August 26, 2024 edition of Business Standard.

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