Anil Ambani's son Anmol Ambani fined a whopping Rs 1 crore. Shares of many companies including RPOWER are seeing a surge

Anil Ambani and 24 other people have been banned for 5 years for committing fraud in the Indian stock market in his company Reliance Home Finance Limited. Now SEBI has imposed a fine of Rs 1 crore on Anil Ambani's son as well.

SEBI on Monday said that Anmol Ambani, son of industrialist Anil Ambani, has been fined Rs 1 crore for not following due diligence process while sanctioning general purpose corporate loan in the RHFL case.

This penalty imposed by SEBI has to be deposited within 45 days. Along with this, a fine of Rs 15 lakh has also been imposed on the Chief Risk Officer by SEBI.

Currently, Reliance Power, Reliance Infra are showing a steady rise and many positive news are coming in the market about the companies related to Anil Ambani. People say that Anil Ambani's son Anmol Ambani is starting to lead more companies and is trying to revive the group's companies afresh.