Why in news The SEBI has banned Anil Ambani and 24 others from buying or selling securities for five years due to alleged fund diversion ...
Why in news
The SEBI has banned Anil Ambani and 24 others from buying or selling securities for five years due to alleged fund diversion from Reliance Home Finance Ltd. (RHFL), a company under Reliance Capital Ltd.
Mr. Ambani has also been restrained from being associated with the securities market, in any position, for five years
SEBI, in its final order, has imposed a penalty of ₹25 crore on Mr. Ambani.
While 21 entities have been fined ₹25 crore each for their alleged involvement
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