SEBI Notice To Big Entertainment: Anil Ambani's two companies Reliance Power and Reliance Infra may have made profits. But still, everything is not going well with him. He moves ahead one day and the next day he gets a shock. Recently, the very next day after the quarterly results of two companies came positive, the news came that SECI has issued a show cause notice to Reliance Power in the fake bank guarantee case. In this notice, SECI has asked why criminal proceedings should not be initiated against it.

Notice to pay a penalty amount of Rs 26 crore.

After this, they have again got another shock. Now SEBI has sent a notice to Big Entertainment Company to pay a fine of Rs 26 crore in the case related to Reliance Home Finance Limited (RHFL) fund embezzlement. This fine has been imposed on the company because the company had wrongly withdrawn money and has not yet paid the fine. Apart from this, a warning was issued by SEBI that if Reliance Big Entertainment Private Limited does not make the payment within 15 days of the issuance of the notice, then their other assets including bank accounts will be confiscated.

Banned from the stock market for 5 years
In the month of August this year, SEBI banned businessman Anil Ambani and 24 others from the stock market for 5 years and imposed a fine of 26 crores on them for illegally withdrawing money from Reliance Home Finance Limited (RHFL). The company did not pay this amount of fine, so SEBI has sent a notice asking to pay it within 15 days. Apart from this, SEBI has also imposed a fine of Rs 25 crore on Anil Ambani and has barred him from working as a director or key managerial person (KMP) in any listed company for the next five years.

At the beginning of November, SEBI has sent notices to six companies, including RHFL's promoter company Crest Logistics and Engineers (now CLE Private Limited). This company has been asked to pay Rs 154.50 crore. Earlier in November, SEBI had ordered the former officials of Reliance Home Finance Limited (RHFL) to pay a fine of Rs 129 crore.

Share Status
Reliance Home Finance's stock has seen a continuous decline for the last few days and trading was closed in the past few days. The stock has fallen by 27% in one month and 15% in six months. The stock has fallen by 26% in this year itself. Talking about the 52-week record high level of the stock, it is Rs 6.22 and the 52-week low price is Rs 1.92. In this way, the market cap of the company has come down to Rs 162.33 crore.