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File photo of Reliance ADA Group Chairman Anil Ambani. Photo Credit: PTI
reacting for the first time after The Securities and Exchange Board of India (SEBI) has passed its final order in the Reliance Home Finance case. Ltd (RHFL) case, a spokesperson for Reliance ADA Group Chairman Anil Ambani said, “Mr Ambani is reviewing the final order dated August 22, 2024 passed by SEBI in the said matter and will take appropriate next steps as per legal advice.”
“Mr Ambani had resigned from the Board of Directors of Reliance Infrastructure Limited and Reliance Power Limited in accordance with SEBI’s interim order dated February 11, 2022 in the matter of RHFL and has been in compliance with the said interim order for the last two and a half years,” the statement said.
In separate statements, Reliance Infrastructure Ltd and Reliance Power Ltd said they were not noticees or parties to the proceedings before SEBI in which the order was passed.
No directions were given against both the companies in the order.
According to the statements, Mr. Anil Ambani had resigned from the Board of Directors of Reliance Infrastructure Limited and Reliance Power Limited pursuant to the interim order dated February 11, 2022 passed by SEBI in the same proceedings.
Therefore, the order dated August 22, 2024 passed by SEBI will have no bearing on the business and affairs of the two companies.
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