SEBI rejects Reliance Infra plea in ₹6,526 cr case
after close1 source ↓written by the desknot a recommendation
- case linked
- ₹6,526 crore
The Securities and Exchange Board of India (SEBI) has rejected settlement applications from Reliance Infrastructure and Anil Ambani concerning a ₹6,526 crore case linked to engineering contractor CLE Pvt Ltd. This decision follows ongoing investigations by other enforcement agencies, leading to normal enforcement proceedings ahead of a final order.
Key Points:
• Allegations include violations of LODR Regulations and PFUTP Regulations.
• Hearings expected as the case progresses through regulatory channels.
Not investment advice. For informational purposes only.