The Securities and Exchange Board of India (SEBI) has rejected Anil Ambani's settlement application regarding alleged misappropriation of company funds valued at nearly $700 million, raising eyebrows over the financial intricacies surrounding Reliance Infrastructure.

Ambani, the younger brother of billionaire Mukesh Ambani, has faced growing scrutiny from regulators and enforcement agencies over the past 18 months

SEBI says the alleged fund misuse makes the case ineligible for settlement

The Securities and Exchange Board of India (SEBI) has rejected settlement applications filed by Reliance Infrastructure and its promoter Anil Ambani in a case relating to the…

The Securities and Exchange Board of India (SEBI) has rejected Anil Ambani's settlement application regarding alleged misappropriation of company funds valued at nearly $700…