Apart from Ambani, other accused in the case including Amit Bapna, Ravindra Sudhalkar, and Pinkesh R. Shah also face hefty fines between ₹21 crore and ₹27 crore. Several other companies involved in the scheme, such as Adhar Project Management and Consultancy Pvt. and Reliance Big Entertainment Pvt., have also been fined ₹25 crore each by SEBI.

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 had barred Ambani and the other implicated entities from from the securities market for five years due to allegations of fund diversion from Reliance Home Finance Ltd.

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

Anil Ambani's Reliance Power has faced significant losses in the past week, with its market capitalization decreasing by 4,057 crore. The company's share, which hit a 52-week high

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

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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