Sebi holds RIL arm guilty of F&O trade manipulation, imposes Rs 7,00,000 fine
MUMBAI – The Securities and Exchange Board of India (Sebi) has held Reliance Strategic Investments Ltd, a subsidiary of Reliance Industries, guilty of manipulation while trading in long dated Nifty options in 2017, and has imposed a fine of Rs 7,00,000.
The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.
