Page 2 - Anil Ambani

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities mkt

Sebi on Friday restrained Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for alleged fraudulent activities related to the company. The three other individuals are Amit Bapna, Ravindra Sudhakar and Pinkesh R Shah. In a 100-page interim order, the regulator also restrained the individuals from "associating themselves with any intermediary registered with Sebi, any listed public company or acting directors/ promoters of any public company which intends to raise money from the public till further orders.

Sebi bars Reliance Home Finance, Anil Ambani, 3 others from securities mkt

Stock market regulator Securities and Exchange Board of India (SEBI) restrained Reliance Home Finance, it's promotor Anil Ambani and three others from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders.Anil Ambani and others are also restrained from associating themselves with any intermediary registered with SEBI, any listed public company or acting as Directors/promoters of any public company which intends to raise money from the public, till further orders, SEBI said in its interim order issued on Friday late evening.Interim order issued by S K Mohanty, Whole Time Member of SEBI says that the root of the present proceedings can be traced to multiple sources inter alia, a letter of Price Waterhouse & Co. ("PWC") addressed to Reliance Home Finance Limited (RHFL) intimating their resignation as the Statutory Auditor of the Company citing various grounds & reasons.Certain complaints received by Securities ..

Will pay Rs 1,000 cr to Reliance Infra's arm in 48 hrs: DMRC tells HC

DMRC also suggested taking over the Reliance Infrastructure subsidiary's debt to the extent of the award money

NCLT order on initiating insolvency proceedings against RCap this evening

The RBI had moved NCLT last week to initiate insolvency proceedings against the company.

HC to hear RInfra plea on Monday against DMRC to enforce SC order

The Supreme Court has dismissed the review petition filed by state-owned firms against its order upholding an arbitral award to Reliance Infrastructure subsidiary.

Promoter stake in ADA group firms falls as lenders invoke pledged shares

Retail, lenders stuck with dud shares; promoter stake in Reliance Infra fell to 5% this September end from 48.4% in March 2018. Reliance Infra's stake in Reliance Power fell to 25% from 75%

Why RBI move to supersede Reliance Capital board is par for the course

The dire financial condition of RCap is emblematic of the decline of the Anil Ambani group in the last five-six years

Litigations delay asset sale process of debt-ridden Reliance Capital

Reliance Capital had a debt of Rs 26,887 crore on a consolidated level as on fiscal year ended March this year

Decoded: Why 'Pandora Papers' leak is crucial from India's perspective

350 Indian names have cropped up in the latest leak

DMRC board meeting likely on Friday, arbitration amount issue may figure

Board of Directors of the Delhi Metro Rail Corporation is likely to meet on September 24 and the issue of arbitration amount to be given to Anil Ambani group firm, DAMEPL, may figure, sources said

Anil Ambani tells shareholders Rs 7,100-cr claim on DMRC to help prune debt

At AGM, RInfra chief says Supreme Court upheld arbitral award favouring Delhi Airport Metro Express Pvt Ltd, an RInfra arm that once ran Delhi Airport Metro Line

Resolution of 2 lending biz to cut 50% Reliance Capital debt: Anil Ambani

Completion of the resolution process of Reliance Commercial Finance and Reliance Home Finance will help Reliance Capital reduce its debt by 50 per cent or Rs 20,000 crore, Chairman Anil Ambani said

Anil Ambani's Reliance Infra wins $632 mn arbitration against Delhi Metro

The verdict is a crucial victory for Anil Ambani as his telecom firms are in bankruptcy and he is contesting a personal insolvency case.

Naveen Jindal group, two others submit final bids for Reliance Naval

CoC to take a call on Wednesday

Anil Ambani's numbers added to Pegasus hacked phone list, says report

The report said the mere presence of a number on this list does not imply the smartphone connected to Anil Ambani's phone was successfully snooped upon

Authum awaits RBI nod to buy Reliance Housing and Reliance Commercial

With a market cap of Rs 2,000 crore, Authum Investment, hitherto unknown in the market circles, plans to diversify into all financial sector businesses to become a large player

Authum emerges as top bidder for Reliance Commercial Finance

Authum's total offer stands at Rs 1,629 cr vs Reliance Home Finance's debt of Rs 9,000 cr

Anil Ambani's studio eyes cinema earnings, lines up big movie releases

Reliance Big Entertainment, which has collaborated with Steven Spielberg, is hoping to release two Hindi-language films in theaters in the next three months.

RInfra crosses Rs 100 mark after a two-year gap, up 221% in two months

In the past one month, the stock of RInfra has rallied 105 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex

Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment

Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure.