MUMBAI: Market regulator Securities & Exchange Board of India (Sebi) on Friday barred two Anil Ambani group companies, Reliance Infrastructure (R-Infra) and Reliance Natural Resources Ltd (RNRL), from investing in the secondary markets till December 2012 for alleged unfair market dealings. Ambani and four senior executives face a similar ban that ends this December. In addition, a penalty of Rs 50 crore was imposed on the companies, the executives and Ambani. The executives include Satish Seth, S C Gupta, J P Chalasani and Lalit Jalan, Sebi said in an order posted on its website. The regulator said the companies and the executives paid the penalty "without admitting or denying the charges". An R-Infra spokesperson said the Sebi order did not bar the companies from raising money from the market through equity or equity-linked instruments, but these companies could not invest in stocks of other companies. Also because RNRL has since been merged with R-Power, th
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