SEBI Bars Anil Ambani From Capital Market For Five Years Sai Aravindh NDTV Profit

Markets regulator Securities and Exchange Board of India has barred industrialist Anil Ambani and 24 other entities for five years for diversion of funds from Reliance Home Finance Ltd.

SEBI imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or key managerial personnel in any listed company, or any intermediary registered with the market regulator, for a period of five years.

Further, the regulator barred Reliance Home Finance from the securities market for six months and slapped a fine of Rs 6 lakh on it.

(This is a developing story.)

. Read more on Law & Policy by NDTV Profit.SEBI barred Anil Ambani and 24 other entities from the securities market for five years and restrained Ambani from being associated with any listed company.  Read MoreLaw & Policy, Markets, Business, Notifications 

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