Anil Ambani

Anil ambani: Sebi bans Anil Ambani, 24 other entities from securities market for 5 years

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Anil ambani: Sebi bans Anil Ambani, 24 other entities from securities market for 5 years

Concluding that industrialist Anil Ambani, who had declared himself bankrupt before a UK Court back in February 2020, orchestrated a fraudulent scheme to siphon off funds from Reliance Home Finance, markets regulator Sebi has barred him from the securities market for five years. The regulator has also imposed a hefty penalty of Rs 25 crore … Read more

Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

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Reliance Capital: IIHL seeks RBI approval to pledge 100% of RCap’s shares

Mumbai: Hinduja Group-linked IIHL BFSI (India) has sought the banking regulator’s approval to pledge 100% shares of Anil Ambani-promoted Reliance Capital, the company it acquired in a bankruptcy resolution, to raise ₹8,000 crore, people with knowledge of the matter told ET. IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT … Read more