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SEBI bans Reliance Industries from equity derivatives market

SEBI bans Reliance Industries from equity derivatives market

Saturday, March 25, 2017, 10:09 AM

SEBI 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. Reliance Industries has been asked to disgorge Rs 447 crore, along with an annual interest of 12% since November 29, 2007, taking the total disgorgement amount to nearly Rs 1,000 crore.
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