Reliance ADAG stocks plummet after SEBI imposes ban on Anil Ambani

Reliance ADAG stocks plunged after SEBI banned Anil Ambani and 24 others for financial fraud. Reliance Home Finance shares initially rose but quickly fell to the lower circuit. Reliance Infrastructure dropped around 12%, and Reliance Power declined by 5%. Trading in Reliance Capital, Communications, and Naval Engineering was suspended, reflecting the severe market impact of SEBI’s action.