Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs1 crore on Jai Anmol Ambani, son of industrialist Anil Ambani, for his failure to exercise due diligence while approving general-purpose corporate loans in the Reliance Home Finance Ltd (RHFL) matter.

The Securities and Exchange Board of India (SEBI) has imposed a Rs 1 crore penalty on Jai Anmol Ambani, son of business tycoon Anil Ambani, for his alleged involvement in irregularities related to Reliance Home Finance.

Anil Ambani-owned Reliance Power share price has been on an uptrend since the Anil Dhirubhai Ambani Group (ADAG) company declared a board meeting date to consider and approve the fundraising proposal.

Anil Ambani led Reliance Power has made a massive comeback in the last 6 months from increasing in share price to market capitalization, it's touching its new high.

India's Reliance Power , part of Anil Ambani's Reliance Group, said on Monday that it plans to raise up to 15.25 billion rupees ($183 million) through a preferential allotment.

The bull run in Reliance Power shares continued on Tuesday as the counter jumped 5 per cent to hit the upper circuit for the 4th day in a row. Reliance Power is owned by Anil Ambani. Reliance Power shares opened at a new 52-week and day's circuit at Rs 40.