SEBI has slapped a penalty totalling Rs 30 lakh on Reliance Industries and two individuals for not making prompt clarification to the stock exchange pertaining to the Jio-Facebook deal, which was disclosed through the newspaper. The other two individuals penalised by Sebi are -- Savithri Parekh and K Sethuraman. The fine need to be paid jointly and severally by them within 45 days.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
