Reliance Industries gets Sebi warning over employee trades during UPSI period

SEBI issued a cautionary warning to Reliance Industries over insider trading compliance lapses. The regulator found that three connected persons or their immediate relatives had traded in Reliance shares while in possession of unpublished price sensitive information between June and August 2024, violating Regulation 4(1) of the insider trading rules. The trades involved very small amounts, totalling a few dozen shares, and Reliance stated the warning imposes no financial or operational restrictions.