Insider trading case: SEBI bans Reliance Industries, 12 others from equity derivative market for 1 year

Insider trading case: SEBI bans Reliance Industries, 12 others from equity derivative market for 1 year

The Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries Ltd (RIL), the country’s second most valued firm, and 12 other entities from dealing in equity derivatives futures and options segment for a period of one year, directly or indirectly, for allegedly indulging in fraudulent trades in Reliance Petroleum in 2007.

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