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Reliance Home Finance, Reliance Power skid 5% to hit lower circuit after Sebi ban on Anil Ambani
Stocks of Anil Ambani's companies, such as Reliance Home Finance and Reliance Power, plummeted as Sebi banned Ambani and others for fund diversion. Heavy penalties were also levied, leading to significant losses in their stock prices. Sebi's investigation revealed fraudulent activities, worsening the financial outlook of these firms.