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SEBI Imposes Penalty on Mukesh Ambani, Anil Ambani & Family for Irregularities in RIL Shareholding - (08 Apr 2021)

CAPITAL MARKET

Securities and Exchange Board of India has imposed a penalty of Rs 25 Crores on prominent members of the Reliance family Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and few other individuals. The penalty has been imposed for violations of the provisions of Regulation 11(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 over irregularities relating to the issue of 12 crore equity shares in January, 2000.

Tags : SECURITIES AND EXCHANGE BOARD OF INDIA RIL SHAREHOLDING

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