Reliance Home Finance Ltd News
Reliance launches 'Spinner' sports drink with Muttiah Muralitharan
Reliance through its FMCG arm Reliance Consumer Products Ltd (RCPL) has entered into the sports hydration drink segment with the brand Spinner', co-created with Sri Lankan cricket icon Muttiah Muralitharan. Reliance, which has disrupted the Indian beverages market with aggressive pricing of its Campa Cola, is offering Spinner at a price of Rs 10 for a 150 ml single-serve bottle. This is relatively lower than other rival sports drinks available in the market such as Pepsico's Gatorade and Coca-Cola's Powerade which are available at Rs 50 for 500 ml. Decathlon's sports drink Aptonia costs Rs 99 for a 400 ml bottle, though it is available at Rs 69 on the portal. Last month, RCPL launched RasKik Gluco Energy, entering into the energy drink segment. Reliance, which entered the beverages market with the acquisition of Campa in 2023, has now over 10 per cent market share in the sparkling beverage category in select states, the company stated in its latest quarterly report. These launche
 "Reliance launches 'Spinner' sports drink with Muttiah Muralitharan")
Sebi issues Rs 129 cr demand notices to RHFL, others in fund diversion case
Capital markets regulator Sebi has asked six entities, including Reliance Home Finance Ltd (RHFL) and former company officials, to pay Rs 129 crore for the illegal diversion of funds from the firm. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days. Sebi sent notices to Reliance Home Finance, Ravindra Sudhalkar, Amit Bapna, Pinkesh Shah, Phi Management Solutions Pvt Ltd and Adhar Project Management and Consultancy Pvt Ltd in the case. 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 this year. In six separate notices, Sebi directed these six entities to pay the amount in the range of Rs 6.25 lakh to Rs 28.08 crore, which 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 and selling the moveable and immovable property
 "Sebi issues Rs 129 cr demand notices to RHFL, others in fund diversion case")
Sebi asks 5 entities to pay Rs 130 cr in Reliance Home fund diversion case
Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days. Those who have sent notices are Netizen Engineering Pvt Ltd, Gamesa Investment Management Pvt Ltd, Vinayak Ventures Pvt Ltd, Deep Industrial Finance Ltd and Citi Securities and Financial Services Pvt 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 five separate notices, the markets watchdog directed these five entities to pay Rs 26 crore each which 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 and selling the moveable and immovable property of these entities.
 "Sebi asks 5 entities to pay Rs 130 cr in Reliance Home fund diversion case")
Sebi imposes Rs 1 cr fine on Anmol Ambani in Reliance Home Finance case
Markets regulator Sebi on Monday imposed a penalty of Rs 1 crore on Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in Reliance Home Finance matter. Additionally, the regulator levied a fine of Rs 15 lakh on Krishnan Gopalakrishnan, who was the Chief Risk Officer of Reliance Housing Finance. Both have been directed to pay the amount within 45 days, the Securities and Exchange Board of India (Sebi) said in its order. The order came after Sebi, in August, barred Anil Ambani and 24 others from the securities market for five years in a case pertaining to diversion of Reliance Home Finance Ltd's funds. Also, a fine of Rs 25 crore was levied on him. In its order on Monday, Sebi noted that Anmol Ambani, who was on the board of Reliance Home Finance, had approved general-purpose corporate loans or GPCL loans, and that too after the company's board of directors had given clear direction not to go ahead
 "Sebi imposes Rs 1 cr fine on Anmol Ambani in Reliance Home Finance case")
