Sebi orders bank, demat accounts' attachment of Reliance Big Entertainment

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Sebi orders bank, demat accounts' attachment of Reliance Big Entertainment - Business Standard

Quick Summary:

Capital markets regulator Sebi on Monday ordered the attachment of bank accounts as well as shares and mutual fund holdings of Reliance Big Entertainment to recover dues of Rs 26 crore.

Before this, the markets watchdog on November 14 sent a notice to Reliance Big Entertainment Pvt Ltd (now known as Rbep Entertainment Pvt Ltd) and asked the entity to pay dues within 15 days in a case pertaining to illegal diversion of funds in the matter of Reliance Home Finance Ltd (RHFL).

The Securities and Exchange Board of India (Sebi) has ordered the attachment of bank, demat accounts and mutual fund folios of the entity to recover the pending dues.