RIL to appeal in SAT against SEBI s Rs 25 crore fine on Mukesh Ambani
RIL to appeal in SAT against SEBI s Rs 25 crore fine on Mukesh Ambani
A couple of days ago, Sebi had fined Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and other individuals and entities for non-compliance with takeover norms in a case dating back to 2000. RIL has now said that it will appeal in SAT against the market regulator s order.
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UPDATED: April 9, 2021 15:48 IST
RIL is set to challenge Sebi s order imposing a fine on Mukesh Ambani. (Photo: Reuters)
Reliance Industries Limited (RIL) chairman Mukesh Ambani is all set to challenge the Securities Board of Exchange’s (Sebi) order imposing a Rs 25 crore penalty for takeover violations. An appeal against the penalty will be filed in the Securities Appellate Tribunal (SAT).
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Forbes just released its 35th annual list of the world’s billionaires, pretty much confirming what various media outlets have been saying for roughly a year: A lot of rich people have gotten a lot richer during the coronavirus pandemic.
According to the report, 86 percent of all 2755 billionaires have seen an increase in net worth since 2020’s report, and more people became billionaires in the last year than in any previous year. The total net worth of every billionaire together is $13.1 trillion a $5.1 trillion leap from 2020’s aggregate billionaire wealth.
Because stock prices and exchange rates fluctuate, net worths aren’t static;