In a significant blow to Anil Ambani, the Securities and Exchange Board of India (SEBI) has banned him and 24 other entities from the securities market for five years. The decision follows allegations of fund diversion at Reliance Home Finance (RHFL), where Ambani, as the former chairman, was found to have orchestrated a fraudulent scheme. …
The Anil Ambani-led group declined to comment on the Sebi order 3 min read Last Updated : Aug 23 2024 | 11:40 PM IST The Securities and Exchange Board of India (Sebi) has imposed a penalty of Rs 624 crore on 27 individuals and entities, including Reliance Group Chairman Anil Ambani, his group firms, …
Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including …
ILLUSTRATION: AJAY MOHANTY 3 min read Last Updated : Aug 19 2024 | 11:17 PM IST Anil Dhirubhai Ambani Ventures (ADAVPL), a company owned by Anil Ambani, has approached the National Company Law Tribunal (NCLT) in Mumbai, requesting the court to direct Hinduja-owned IndusInd International Holdings (IIHL) to cease using the ‘Reliance’ brand name …
NCLT in February this year approved IIHL’s Rs 9650 crore resolution plan for Anil Ambani’s Reliance Capital. The Administrator of Anil Ambani’s debt-ridden Reliance Capital (RCAP) has filed an affidavit with NCLT, accusing IIHL of non-compliance as the Hinduja Group firm failed to meet the conditions set by the tribunal in a July 23 order. …
20 May 2024, 02:01 PM IST Mumbai Lok Sabha Election 2024 Voting Live: Javed Akhtar, Shabana Azmi cast their votes Shabana Azmi says “Voting is a huge responsibility and the right of every citizen. Everyone must come out and cast their votes…” 20 May 2024, 01:56 PM IST Mumbai Lok Sabha Election 2024 Voting Live: …
Shares of Reliance Power rose 5% today (March 20) and reached day’s high of ₹23.83 on the BSE. This comes after it was reported that the Anil Ambani-led company settled debts owed to three banks – ICICI Bank, Axis Bank, and DBS Bank – last week. The reports also claimed that its parent Reliance Infrastructure …
Image Source : PTI FEMA case: Anil Ambani’s wife, Tina Ambani, appears before ED in Mumbai Tina Ambani, the esteemed wife of Anil Ambani, Chairman of Reliance ADA Group, gracefully presented herself before the Enforcement Directorate (ED) in Mumbai on Tuesday. This comes as part of an investigation into the alleged violation of the Foreign …