Reliance Power, other shares fall after SEBI bans Anil Ambani from securities market for five years

The regulator barred Reliance Home Finance from the securities market for six months and slapped a fine of Rs 6 lakh on it.

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26 Aug, 2025 12:21

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Shares of Reliance Power, Reliance Home Finance and Reliance Infrastructure fell on August 23, after the market regulator banned promoter Anil Ambani from the securities market for five years.

The ban on Ambani and 24 other entities, including former key officials of Reliance Home Finance, was imposed for allegedly diverting funds from the company.

At 12.05 pm, Reliance Infrastructure plunged more than 10 percent to Rs 210.64 on the NSE, while Reliance Home Finance fell 5.12 percent to Rs 4.45.

Earlier in the session, Reliance Power shares hit a 52-week high, but after the ban, the stock reversed sharply, dropping 5 percent to its lower price band of Rs 34.48.

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The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market, including as a director or key managerial personnel (KMP), in any listed company, or any intermediary registered with the market regulator, for five years.

Also, the regulator barred Reliance Home Finance from the securities market for six months and slapped a fine of Rs 6 lakh on it.

In its 222-page final order, Sebi found that Ambani, with the help of Reliance Home Finance's key managerial personnel, orchestrated a fraudulent scheme to siphon off funds from the mortgage lender by disguising them as loans to entities linked to him.

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