SEBI Imposes Rs 40 Crore Fine On Reliance Industries, Mukesh Ambani For Manipulative Trades In RPL
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The Securities Exchange Board of India on Friday imposed a fine of Rs 25 crore on Reliance Industries and Rs 15 crore on its chairman, Mukesh Ambani, for manipulating shares of Reliance Petroleum Ltd (RPL) in November 2007.The issue relates to manipulation during the sale and purchase of Reliance Petroluem Limited shares in the cash and the futures segments in November 2007. This followed.
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