Anil Ambani-led Reliance Infra and Rel Power receive SEBI show cause notice

Anil Ambani-led Reliance Infrastructure and Reliance Power have received show cause notices from the Securities and Exchange Board of India (SEBI) over alleged violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, and the SEBI Act, 1992.

SEBI show cause notice eight months after settlement

In its regulatory filing, Reliance Infrastructure said the show cause notice pertains to its exposure to CLE Private Limited. However, the company noted that SEBI’s notice comes nearly eight months after the resolution of a dispute with CLE Private Limited.