NEW DELHI: The Securities and Exchange Board of India (SEBI) has levied a fine of Rs 1 crore on Jai Anmol Ambani, the son of businessman Anil Ambani, for not exercising proper due diligence while approving general-purpose corporate loans (GPCLs) in the case of Reliance Home Finance. Krishnan Gopalakrishnan, the former chief risk officer of…
MUMBAI: Anil Ambani, who has been banned by Sebi from accessing the securities market for five years on fund diversion charges, is reviewing legal options, his spokesperson said on Sunday. In a statement, the spokesperson said that Ambani is reviewing the Aug 22 order passed by Sebi in the Reliance Home Finance matter and will…
MUMBAI: In 2008, Reliance Capital’s market capitalisation of over Rs 70,000 crore was larger than HDFC. Its chairman Anil Ambani had declared that it was among the top three financial institutions in the country. Just over a decade later, rating agency firm Care downgraded Reliance Capital to default.From heading a conglomerate that had a market…
The Securities and Exchange Board of India (Sebi) has taken action against Anil Ambani and 24 other entities, including former key officials of Reliance Home Finance (RHFL), for their involvement in the diversion of funds from the company. Ambani has been barred from the securities market for five years and fined Rs 25 crore, according…
