Tag Archives: Anil Ambani

In a major development, the Securities and Exchange Board of India (SEBI) has imposed a ₹1 crore fine on Jai Anmol Ambani, son of industrialist Anil Ambani, for alleged irregularities in Reliance Home Finance. The market regulator accused Jai Anmol of approving unsecured loans amounting to ₹40 crore without exercising proper due diligence.

The state cabinet of Maharashtra has given its preliminary nod to the acquisition of the Ghatkopar-Versova Mumbai Metro One, which is jointly owned by Reliance Infrastructure Limited (R-Infra) led by Anil Ambani and the Mumbai Metropolitan Region Development Authority (MMRDA). Anil Ambani's stake in the venture has been estimated at ₹4,000 crore.