© india.comSebi bars Reliance Home Finance, Anil Ambani, 3 others from securities market
New Delhi: In a latest development, the Securities Exchange Board of India (SEBI) has barred Anil Ambani and 3 others from the securities market for a period of three months, according to a report by PTI. The three others who have been barred are Amit Bapna, Ravindra Sudhakar and Pinkesh R Shah.Also Read - Baba Ramdev-Led Ruchi Soya To Launch FPO By February-End. Complete Details Here
The businessman has been barred for allegedly siphoning off funds from his company Reliance Home Finance. After the ban, the individuals cannot buy, sell or deal in securities, directly or indirectly, the report added. Also Read - LIC IPO: What We Know So Far
The SEBI order stated that the above-mentioned businessmen will not be able to associate “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.” Also Read - SEBI Grade A Admit Card 2022 Out on sebi.gov.in, Direct Link to Download And Other Details Here