SEBI rejects Reliance Infra plea in ₹6,526 cr case
pre-market1 source ↓written by the desknot a recommendation
- to CLE Pvt
- ₹6,526 cr exposure
The Securities and Exchange Board of India (SEBI) has rejected settlement applications from Reliance Infrastructure and Anil Ambani concerning a ₹6,526 cr exposure to CLE Pvt Ltd. This decision, made last Friday, means the case will proceed through normal enforcement channels, with hearings anticipated before a final order is issued.
The allegations involve violations of the Listing Obligations and Disclosure Requirements and Prohibition of Fraudulent and Unfair Trade Practices regulations, indicating potential regulatory repercussions for the company.
Not investment advice. For informational purposes only.