April 11, 2021

24X7 News Guru

The Real Time News

Mukesh Ambani fined for irregularities in RIL share issue

India's market regulator fined Reliance Industries chairman Mukesh Ambani and others Rs 25 crore ($3.36 million) on Wednesday over irregularities in a two-decade-old share issue in the company. Ambani, his family members and some entities linked to them were penalised by Sebi for not making regulatory disclosures when they collectively raised their shareholding in Reliance by nearly 7% by subscribing to the January 2000 issue....

India’s market regulator fined Reliance Industries chairman Mukesh Ambani and others Rs 25 crore ($3.36 million) on Wednesday over irregularities in a two-decade-old share issue in the company. Ambani, his family members and some entities linked to them were penalised by Sebi for not making regulatory disclosures when they collectively raised their shareholding in Reliance by nearly 7% by subscribing to the January 2000 issue.

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