In a major development, the Securities and Exchange Board of India (SEBI) has imposed a โน1 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 โน40 crore without exercising proper due diligence.
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