Reliance Industries shares in focus as company gets Sebi's warning over alleged insider trading

Reliance Industries received a Sebi administrative warning letter dated June 24 over alleged insider trading by connected persons (Kamini Jain, Harsh Jain and Hirai Umang Doshi) who traded RIL shares while in possession of unpublished price-sensitive information. The trades involved were very small in value, totalling roughly Rs 2.3 lakh across four transactions. RIL clarified the letter is cautionary in nature and imposes no financial or operational restrictions on the company, and said it will take necessary steps to address the concern.