Sebi slaps fine on Reliance Home Finance

New Delhi: Capital markets regulator Sebi has imposed a penalty of Rs8 lakh on Reliance Home Finance for failing to make disclosures pertaining to NCLT order issued in June 2021 to the stock exchanges.

The fine has to be paid within 45 days, the Securities and Exchanges Board of India (Sebi) said. In its order, Sebi noted that Reliance Home Finance has not made disclosures with respect to the NCLT order dated June 21, 2021 and also did not disclose information regarding appeals filed by it and Bank of Baroda against the NCLT’s order.