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Figures in Rs cr

Takeover norm violations: SAT sets aside Sebi order against Ambani brothers

The Securities Appellate Tribunal (SAT) on Friday set aside the Securities and Exchange Board of India's April 2021 order. The order had imposed a penalty of 25 crore on Mukesh Ambani, Anil Ambani and Reliance Industries Holdings and eight other entities. A detailed order is awaited in the matter.

Jul 28 2023 01:46 PM IST
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Takeover norm violations: SAT sets aside Sebi order against Ambani brothers

Mukesh Ambani-backed EV maker Altigreen is said to weigh raising $85 million

Altigreen Propulsion Labs Pvt Ltd. is considering raising about Rs 700 crore ($85 million) in a new funding round. The Indian electric cargo vehicle maker looks to ramp up its production and invest in new models. The company, which counts billionaire Mukesh Ambani among its backers, is seeking a valuation of around $350 million.

May 29 2023 05:05 PM IST
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Mukesh Ambani-backed EV maker Altigreen is said to weigh raising $85 million

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