The Securities and Exchange Board of India (SEBI) has said Reliance Groups Anil Ambani cannot invest in publicly-listed securities until the end of 2011. The Sebi has also gone ahead and barred two of his companies from any such investments until the end of 2012.
The regulatory body stated that Reliance Infrastructure and Reliance Natural Resources, which has since been merged into Reliance Power, had used money raised through overseas borrowing and foreign bonds to invest in the stock market. CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
