Anil Ambani's Reliance Group stocks continue declining after regulatory ban
26/08/2024 10:27
** Shares of Anil Ambani's Reliance Group companies drop on
Mon, extending losses to 9-11% in past two sessions
** Reliance Infrastructure RLIN.NS and Reliance Home
Finance RLIC.NS erase all YTD gains
** Losses after Indian markets regulator SEBI late on Thurs
banned Ambani, 24 others from securities market for 5 years on
charges of funds diversion
** Ambani is reviewing order, his spokesperson said
** Reliance Infrastructure down 11.3% in two days
** Reliance Home Finance down 10% in two days
** Reliance Power RPOL.NS down 9.7% in two days, but is
still up 40.6% for the year
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
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