SEBI bars Anil Ambani, others from market for 3 months
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SEBI barred Reliance Home Finance, its promotor and industrialist Anil Ambani and three others from buying, selling or dealing in securities. The restricted cannot deal in securities either directly or indirectly, in any manner whatsoever until further orders, SEBI noted. The decision to restrain Ambani and others individuals from the securities market was taken for allegedly siphoning off funds from the company.