Sebi bans Anil Ambani news: According to a PTI report, Sebi has barred Anil Ambani, and 24 other entities, from the securities market for a period of five years
In the past one month, the stock of RInfra has rallied 105 per cent, as compared to a 1 per cent decline in the S&P BSE Sensex
Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations
Despite a 50 per cent gain in May, Reliance Infrastructure continues to carry positive momentum. Now, the news of raising fund is likely to act as a positive catalyst in the near-term
The case pertains to probe that was initiated by the DRI against a few Adani group firms for alleged overvaluation of coal imports from Indonesia between 2011 and 2015
Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore
RCap, a part of Anil Dhirubhai Ambani Group, has been looking to monetise its assets to address its debt-related problems
Franklin Templeton, Indiabulls MF & DHFL Pramerica MF have Rs 1,418-cr exposure
Reliance Naval, Reliance Nippon Life, Reliance Home Finance, Reliance Capital, Reliance Power and Reliance Infra were down in the range of 2% to 6%, trading at their respective 52-week lows on the BSE
Reliance Naval has tanked 18% to Rs 22, also its record low on the BSE, as the company's standalone net loss widen to Rs 4,086 million in Q4FY18 from Rs 1,399 million in year ago quarter
On an average, the share price of group firms is up over 55% since mid-December