Sebi has imposed a five-year ban on Anil Ambani and additional 24 entities, which include former officials of Reliance Home Finance, due to allegations of fund diversion. Ambani has been penalized with a Rs 25 crore fine and is barred from engaging in the securities market. Meanwhile, Reliance Home Finance has been fined Rs 6 lakh and is prohibited from market activities for six months.
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