Anil Ambani resigns as director of Reliance Power

Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power Ltd. and Reliance Infrastructure Ltd., following markets regulator Securities and Exchange Board of India order restraining him from associating with any listed company.

Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI interim order, Reliance Power said in a BSE filing.

In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board in compliance of SEBI interim order.

SEBI in February barred Reliance Home Finance Ltd., industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company.

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