Anil Ambani – News Express

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Canara Bank labels loan accounts of Anil Ambani’s Reliance Communications as “fraud”: After availing and enjoying the said loans, your company … – Times of India

adminNovember 17, 202403 mins

Canara Bank has reportedly classified the loan accounts of Anil Ambani’s bankrupt telecom venture, Reliance Communications, and its subsidiary as fraudulent, alleging the misappropriation of Rs 1,050 crore loaned in 2017. These loans were initially intended for capital expenditure and debt repayment. What does Canara Bank’s “fraud letter” to Reliance Communications says According to a…

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SEBI fines Anil Ambani’s son Rs1cr for loan approvals without ‘due diligence’ – Times of India

adminSeptember 24, 202403 mins

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…

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Anil Ambani reviews legal options against Sebi order – Times of India

adminAugust 25, 202403 mins

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…

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The Rise & Fall Of Reliance Capital – Times of India

adminAugust 23, 202404 mins

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…

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SEBI bans Anil Ambani & 24 other entities from securities market for 5 years; imposes Rs 25 crore penalty on Ambani – Times of India

adminAugust 23, 202406 mins

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…