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Sunday, August 25, 2024

Anil Ambani reviews legal options against Sebi order

Anil Ambani, banned by Sebi for five years over fund diversion charges, is reviewing legal options. He plans to appeal Sebi’s August 22 order relating to Reliance Home Finance, now owned by Authum Investment. Ambani stepped down from Reliance Infrastructure and Reliance Power boards following a February 2022 interim order. A fine of Rs 25 crore was also imposed.

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US indictment: Did Adani Group flout disclosure norms? Sebi seeks answer

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