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Reliance Industries falls 2% as SEBI bans co from equity derivatives

Reliance Industries falls 2% as SEBI bans co from equity derivatives

Monday, March 27, 2017, 11:49 AM

Shares of Reliance Industries fell over 2% intraday post the market regulator’s order against it. The Securities and Exchange Board of India, on Friday, banned Reliance Industries and 12 others from equity derivatives trading for one year and directed the firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.
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