Anil Ambani's Reliance Group stocks continue declining after regulatory ban

Reliance Infrastructure

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))