Friday, 24 March, 2023

SEBI fines Reliance industries, two officials of Rs 30 lakh

<p>SEBI, the capital markets regulator, has fined Reliance Industries and two persons a total of Rs 30 lakh for failing to provide prompt clarification to the stock exchange about the Jio-Facebook deal, which was revealed through the newspaper. Savithri Parekh and K Sethuraman are the other two persons who have been fined by SEBI. According to a SEBI order, they must pay the penalties jointly and severally within 45 days.</p>