Sebi on Wednesday sent demand notices to six entities, including Reliance Home Finance’s promoter entity, asking them to pay Rs 154.50 crore for diversion of funds from the company.
The regulator has warned these entities for attachment of assets and bank accounts if they fail to make the payment within 15 days.
Those who have been sent notices are Crest Logistics and Engineers Pvt Ltd (Now Known as CLE Pvt Ltd), Reliance Unicorn Enterprises Pvt Ltd, Reliance Exchange next Ltd, Reliance Commercial Finance Ltd, Reliance Business Broadcast News Holdings Ltd and Reliance Cleangen Ltd.
The demand notices came after these entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi) in August.
In six separate notices, the markets watchdog directed these six entities to pay Rs 25.75 crore each.
This includes interest and recovery costs within 15 days.
In the event of non-payment of dues, the market regulator will recover the amount by attaching an
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