Anil Ambani has filed an appeal with the Securities Appellate Tribunal (SAT) challenging the SEBI order which barred him from the securities market over alleged diversion of funds from Reliance Home Finance,

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Soon after the order was passed, Ambani’s spokesperson said he was reviewing the order and will take appropriate next steps as legally advised.