Reliance Industries on Thursday said it will challenge in Supreme Court the dismissal of its plea by the Securities Appellate Tribunal against a Sebi ruling barring the firm and 12 of its promoter group entities from dealing in equity derivatives for alleged unfair trade practices.
SAT, by a 2:1 majority order, has dismissed RIL’s appeal against the Sebi order dated March 24, 2017, in the matter relating to the sale of Reliance Petroleum Ltd (RPL) shares by the company in November 2007, billionaire Mukesh Ambani-run firm said in a filing to the stock exchanges.
