Sebi has imposed a ₹25 crore fine on Anil Ambani and banned him from the securities market for five years.
This action follows allegations of fund diversion from Reliance Home Finance Limited (RHFL), where Ambani and 24 other entities were involved. Sebi's investigation revealed that funds were siphoned off through loans disguised as transactions with linked entities. RHFL is also barred from the market for six months and fined ₹6 lakh.