Sebi rejects Anil Ambani's settlement request over Reliance Infrastructure

SEBI has rejected the settlement applications filed by Anil Ambani and Reliance Infrastructure over allegations of mis-utilisation of company funds. SEBI alleged that Reliance Infrastructure diverted about 176.7 billion rupees to engineering contractor CLE Private Ltd, which then invested at least 112 billion rupees in firms linked to the Ambani-led Reliance ADA Group over a decade through 2024. This is the second settlement rejection for Ambani, after a prior rejection in the Yes Bank case, and Reliance Infrastructure is separately seeking to raise up to 30 billion rupees from public markets.