Anil Ambani: Fresh blow to Anil Ambani, if he does not pay the fine, property and bank account will be seized!

RHFL Share Price: Reliance Home Finance stock is witnessing a decline and is running at the level of Rs 3.35. The 52-week high level of the stock is Rs 6.22 and the low level is Rs 1.92.

SEBI Notice To Big Entertainment: Anil Ambani's two companies Reliance Power and Reliance Infra may have reached profit. But still everything is not going well with them. If he goes ahead one day, the next day he gets a shock. Recently, the next day after the quarterly results of two companies came positive, the news came that SECI has issued a show cause notice by sending a notice to Reliance Power in the fake bank guarantee case. In this note, the SECI has asked why criminal proceedings should not be initiated against him.

Notice for payment of fine amount of Rs 26 crore

After this, he has again suffered another setback. Now SEBI has sent a note to Big Entertainment Company to pay a penalty amount of Rs 26 crore in the case related to Reliance Home Finance Limited (RHFL) fund misappropriation. This penalty has been imposed on the company because the company had wrongly withdrawn money and has not yet paid the fine. Apart from this, a warning was issued by SEBI that if Reliance Big Entertainment Private Limited does not pay within 15 days of the issuance of the note, then their other assets including their bank account will be confiscated.

In the month of August

this year, SEBI banned businessman Anil Ambani and 24 others from the stock market for 5 years and imposed a fine of 26 crores on charges of wrongfully withdrawing money from Reliance Home Finance Limited (RHFL). This amount of penalty was not given by the company, so SEBI has sent a notice asking to pay within 15 days. Apart from this, SEBI has also imposed a fine of Rs 25 crore on Anil Ambani and barred him from working as a director or key managerial person (KMP) in any listed company for the next five years.

In early November, SEBI sent notices to six companies, including RHFL's promoter company Crest Logistics and Engineers (now CLE Private Limited). The company has been asked to pay Rs 154.50 crore. Earlier in November, Sebi had ordered a penalty of Rs 129 crore to former officials of Reliance Home Finance Limited (RHFL).

The stock

of Reliance Home Finance has seen continuous growth for the last few days and it was closed trading in the past few days. The stock is down 27 per cent in a month and 15 per cent in six months. The stock has fallen by 26% in this year itself. Talking about the 52-week record high level of the stock, it is Rs 6.22 and the 52-week low price is Rs 1.92. In this way, the market cap of the company has come down to Rs 162.33 crore.