Reliance Industries Ltd.

Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 7 lakh on Reliance Industries’ wholly-owned subsidiary -- Reliance Strategic Investments for violation of Section 12A(c) of the Securities and Exchange Board of India Act, 1992 read with Regulations 3(d), 4(1) and 4(2)(e) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 in the matter of trades done in August 2017 in long dated NIFTY options.

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.