Anil Ambani

CPL's assets of Rs 5,777.13 crore stand assigned or transferred to R-Infra

Industrialist Anil Ambani, along with his wife, former actor Tina Ambani, visited Prayagraj for the ongoing Mahakumbh.

Billionaire industrialist Gautam Adani described former Manmohan Singh as "a rare leader who spoke softly but achieved monumental strides through his actions"

In its order, Sebi directed the attachment of all accounts, lockers, and proceeds due, along with freezing any debits from the accounts

Reliance Infrastructure and Reliance Power, key arms of the Group, have earlier announced that they have achieved debt-free status and are actively pursuing projects in new growth areas

SC dismisses Sebi's appeal against Reliance Investment Holdings, Mukesh, and Anil Ambani over 1994 takeover norms breach, citing 'inordinate delay' in the regulator's actions

The new export-oriented project will be the largest greenfield defence initiative in India undertaken by a private sector company

The tribunal has directed Ambani to deposit 50 per cent of the penalty amount and asked Sebi to file a reply in the matter within four weeks

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Partnership marks the group's maiden foreign venture

The prepayment brings Rosa Power closer to achieving zero debt, following its parent company's debt-free status earlier this month

Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter. Additionally, the regulator levied a fine of Rs 15 lakh on Krishnan Gopalakrishnan, who was the Chief Risk Officer of Reliance Housing Finance. Both have been directed to pay the amount within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The order came after Sebi, in August, barred Anil Ambani and 24 others from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd's funds. Also, a fine of Rs 25 crore was levied on him. In its order on Monday, Sebi noted that Anmol Ambani, who was on the board of Reliance Home Finance, had approved general-purpose corporate loans or GPCL loans, and that too after the company's board of directors had given clear direction not to go ahead

Anil Ambani's Reliance Group has in recent years seen marquee firms being auctioned in insolvency proceedings and piling debt-fold businesses. But the group has, in the week gone by, made announcements that investors believe may mark its transformation. In three days -- from September 18 to September 20 -- the group announced it has turned into nearly zero and is implementing long-term fund raising plans that are said to solidify its financial position. Reliance Infrastructure's board approved fund raising of up to Rs 6,000 crore via preferential issue and QIP, while Reliance Power board is meeting on September 23 to consider and approve the fundraise via multiple routes. The speed at which Anil Ambani moved to clear the debt of his companies, and simultaneously announce and execute the fund raising plans for future expansion of his companies, has surprised the investors. Shares of both firms surged on stock markets. The announcement to invest Rs 1,100 crore by the promoters group

Reliance Power shares are quoting higher for the eighth straight trading day, having surged 29 per cent during the period.

Looks to raise another Rs 3000 cr from QIP

RInfra said, "Invent Assets Securitisation and Reconst­ruction Private has novated certain charged securities to recover its dues"

The company recently announced its plan of raising long-term capital

Once ranked sixth-richest person in the world in 2008, Anil Ambani has faced numerous legal and financial hurdles, leading him to announce bankruptcy in a UK court in 2020

Latest readings of the US Federal Reserve's inflation data, RIL AGM, Q1 GDP data in focus during the week

No action against us, clarify Rel Infra, Rel Power