Sebi imposed a penalty of Rs 25 crore on Anil Ambani
On August 24, 2024, the Securities and Exchange Board of India (Sebi) imposed a five-year ban on industrialist Anil Ambani and 24 associated entities from participating in the securities market. This action follows allegations of a fraudulent scheme involving the diversion of funds from Reliance Home Finance Limited (RHFL). Ambani, along with these entities, has…