Sebi issues Rs 260 mn notice to Reliance Big Entertainment in RHFL case
ECONOMY & POLICY

Sebi issues Rs 260 mn notice to Reliance Big Entertainment in RHFL case

The capital markets regulator, Sebi, has instructed Reliance Big Entertainment (now renamed Rbep Entertainment) to pay a fine of Rs 260 million for failing to settle penalties imposed earlier in a case related to the illegal diversion of funds. Sebi warned that the company's assets, including bank accounts, would be attached if the payment was not made within 15 days of the notice issued.

The notice followed Reliance Big Entertainment's failure to pay a Rs 250 million penalty imposed in August. In the demand notice, Sebi required the company to pay Rs 260 million, inclusive of interest and recovery costs, within the specified timeframe.

Earlier in August, Sebi barred industrialist Anil Ambani and 24 others from accessing the securities market for five years due to allegations of fund diversion from Reliance Home Finance (RHFL). Sebi also imposed a Rs 250 million fine on Ambani and prohibited him from holding directorial or Key Managerial Personnel (KMP) positions in any listed company for the same duration.

In early November, Sebi issued demand notices to six entities, including RHFL's promoter entity, Crest Logistics and Engineers (now renamed CLE), directing them to pay Rs 1.54 billion. Last week, Sebi further instructed six entities, including RHFL and its former officials, to pay penalties amounting to Rs 1.29 billion.

Sebi ordered Mohanbir Hi-Tech and Indian Agri Services to pay Rs 520 million in fines related to the illegal diversion of funds from RHFL.

The capital markets regulator, Sebi, has instructed Reliance Big Entertainment (now renamed Rbep Entertainment) to pay a fine of Rs 260 million for failing to settle penalties imposed earlier in a case related to the illegal diversion of funds. Sebi warned that the company's assets, including bank accounts, would be attached if the payment was not made within 15 days of the notice issued. The notice followed Reliance Big Entertainment's failure to pay a Rs 250 million penalty imposed in August. In the demand notice, Sebi required the company to pay Rs 260 million, inclusive of interest and recovery costs, within the specified timeframe. Earlier in August, Sebi barred industrialist Anil Ambani and 24 others from accessing the securities market for five years due to allegations of fund diversion from Reliance Home Finance (RHFL). Sebi also imposed a Rs 250 million fine on Ambani and prohibited him from holding directorial or Key Managerial Personnel (KMP) positions in any listed company for the same duration. In early November, Sebi issued demand notices to six entities, including RHFL's promoter entity, Crest Logistics and Engineers (now renamed CLE), directing them to pay Rs 1.54 billion. Last week, Sebi further instructed six entities, including RHFL and its former officials, to pay penalties amounting to Rs 1.29 billion. Sebi ordered Mohanbir Hi-Tech and Indian Agri Services to pay Rs 520 million in fines related to the illegal diversion of funds from RHFL.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement