Shares of Anil Ambani’s Reliance Power witnessed some profit booking in today’s session, falling by 4.6% to its day’s low of Rs 44.22 on the BSE ahead of its Board meeting scheduled on October 3. Reliance Power shares broke their 8-day winning streak in today’s session. Reliance Power shares have been in focus after the … Read more
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
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
