{"id":301213,"date":"2019-11-16T11:26:08","date_gmt":"2019-11-16T05:56:08","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301213"},"modified":"2019-11-16T11:50:37","modified_gmt":"2019-11-16T06:20:37","slug":"business-decision-to-sell-reliance-petroleum-shares-ril-tells-securities-and-appellate-tribunal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/business-decision-to-sell-reliance-petroleum-shares-ril-tells-securities-and-appellate-tribunal\/","title":{"rendered":"Business decision to sell Reliance Petroleum shares, RIL tells Securities and Appellate Tribunal"},"content":{"rendered":"<p>\u201cIt is my business judgement to sell my shares (whenever I want).\u201d This is what lawyers of Reliance Industries Ltd (RIL) told the Securities and Appellate Tribunal (SAT) in defence against allegations by SEBI in the matter involving market violation in derivative segment for trading in share of Reliance Petroleum (RPL). <\/p>\n<p>SEBI had banned RIL, India\u2019s largest private sector company in terms of market-cap, from trading in equity futures after it found in violations of Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations. SEBI has even imposed disgorgement of gains on RIL that effectively comes to around \u20b92,000 crore for manipulative traders in RPL in 2007.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cIt is my business judgement to sell my shares (whenever I want).\u201d This is what lawyers of Reliance Industries Ltd (RIL) told the Securities and Appellate Tribunal (SAT) in defence against allegations by SEBI in the matter involving market violation in derivative segment for trading in share of Reliance Petroleum (RPL). SEBI had banned RIL, India\u2019s largest private sector company in terms of market-cap, from trading in equity futures after it found in violations of Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations. SEBI has even imposed disgorgement of gains on RIL that effectively comes to around \u20b92,000 crore [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-301213","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301213"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301213\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}