Reliance Petroleum: SEBI Imposes A Fine Of Rs 15 Crore On Mukesh Ambani
Fines amounting to Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively.
PTI 02 January 2021 AP Photo PTI 2021-01-02T09:44:01+05:30 Reliance Petroleum: SEBI Imposes A Fine Of Rs 15 Crore On Mukesh Ambani outlookindia.com 2021-01-02T09:46:12+05:30
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Commodity market regulator Securities and Exchange Board of India (SEBI) on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for allegedly indulging in manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007.
SEBI fines Reliance Industries, Mukesh Ambani over RPL share trades
Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore
PTI | January 1, 2021 | Updated 22:18 IST
On March 24, 2017, Sebi had ordered RIL and certain other entities to disgorge over Rs 447 crore in the RPL case
Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its Chairman and Managing Director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007.
RPL case: SEBI slaps ₹25 cr on RIL, ₹15 cr on Ambani
January 01, 2021
Ambani RIL to challange SEBI order in SAT
Mukesh Ambani, chairman, Reliance Industries (RIL), India s largest corporate house, has now been accused of manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007. SEBI on Friday imposed a penalty of ₹25 crore on RIL and ₹15 crore Ambani, respectively.
RIL is likely to challenge SEBI s order in SAT, sources told
Business Line. SEBI also fined another company Navi Mumbai SEZ Pvt Ltd ₹20 crore and Mumbai SEZ Ltd ₹10 crore on same charges.
The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007. This followed RIL decision in March 2007 to sell 4.1 per cent stake in RPL, a listed subsidiary, which was merged with RIL in 2009.
RPL case: Sebi fines Reliance Industries, Mukesh Ambani, two other entities
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RPL case: Sebi fines Reliance Industries, Mukesh Ambani, two other entities
PTI / Jan 1, 2021, 22:09 IST
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Fines of Rs 25 crore and Rs 15 crore have been imposed on RIL and Mukesh Ambani, respectively. (File photo)
NEW DELHI: Regulator Sebi on Friday imposed penalties on Reliance Industries Ltd, its chairman and managing director Mukesh Ambani as well as two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL) back in November 2007.
Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries Ltd (RIL) and Ambani, respectively. Besides, Navi Mumbai SEZ Pvt Ltd has been asked to pay a penalty of Rs 20 crore and Mumbai SEZ Ltd has been directed to pay Rs 10 crore.
The Securities and Exchange Board of India (Sebi) on Friday imposed penalties on Reliance Industries (RIL), its Chairman and Managing Director Mukesh Ambani, and two other entities for alleged manipulative trading in the shares of erstwhile Reliance Petroleum (RPL) back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on RIL and Ambani, respectively. Besides, Navi Mumbai SEZ has been asked to pay a penalty of Rs 20 crore, and Mumbai SEZ has been directed to pay Rs 10 crore. The case pertains to sale and purchase of RPL shares in the cash and the futures segments in November 2007.