SEBI warns RIL compliance officer over insider trading violations
RELIANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SEBI has issued an administrative warning to Reliance Industries Company Secretary over insider trading violations by two employees and one immediate relative of an employee in July 2024. Three connected persons traded RELIANCE shares while possessing unpublished price sensitive information, breaching PIT Regulations. Trade values were small, under about Rs 1.1 lakh each. The warning is directed at the compliance officer for failing to monitor the trades. RIL states the letter is cautionary and imposes no financial or operational restrictions on the company, and it will take steps to address the concerns.
Minor for shareholders. The SEBI warning is cautionary only, with no financial penalty or operational restrictions on RIL. The trades involved small amounts.