In just a couple of years, the little-known, loss-making company has transformed itself into a profitable business under the leadership of MD Nikhil Merchant. Can it sustain the growth momentum?
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The five-year ban from the securities market over alleged diversion of funds is only the latest in a series of financial and legal setbacks the younger Ambani has faced over the years.
SEBI has chosen to let Reliance Home Finance off with a light fine, when it should have initiated a forensic audit based on lapses.
Getting a part of the retirement savings organization’s sizeable corpus could help the fund house mount a serious challenge for the No.3 spot on the MF leaderboard.