Development News Edition
Give Feedback

Reliance Communications settles case with Sebi for violation of listing norms


Devdiscourse News Desk new delhi Last Updated at 09-11-2018 18:29:55 IST India
Reliance Communications settles case with Sebi for violation of listing norms
  • (Image Credit: Twitter)

Reliance Communications has settled a case with Sebi for alleged non-cooperation with the credit rating agencies and debenture trustee in violation of listing norms.

The company has also reached a settlement regarding non-compliance with listing norms including failure to inform interest payment default on debentures, the Securities and Exchange Board of India (Sebi) said in an order Friday.

The company, part of Anil Ambani-led Reliance, settled the case after paying Rs 62.4 lakh towards settlement charges, it said.

Under the settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

(With inputs from agencies.)


add banner

LEAVE COMMENT