Anil Ambani banned from market for 3 months

Market regulator Sebi late on Friday banned Anil Ambani, three of his associates and Reliance Home Finance, one of his former group companies, from the market for three months for misusing funds of the company and diverting it to other group entities to pay off debt. Ambani and the others - Amit Bapna, Ravindra Sudhalkar, Pinkesh R Shah - were also restrained from associating with any listed entities.