Sebi Bans Anil Ambani, 24 Other Entities For 5 Years From Security Market

SEBI has banned Anil Ambani and 24 others from the security market for five years and fined him Rs. 25 crores on account of fund diversion. Anil Ambani's company, Reliance Housing Limited, has also been banned for six months and fined Rs. Six Lakhs.