Updated Apr 08, 2021 | 08:45 IST
RIL s promoters and Persons Acting in Concert (PAC) failed to disclose the acquisition of more than 5 per cent stake in the company way back in 2000, Sebi said in its 85-page order. SEBI imposes fine of Rs 25 crore on Ambani brothers, others in 20 years-old case | Photo Credit: PTI
Market regulator Securities & Exchange Board of India (SEBI) imposed a fine of Rs 25 crore on Ambanis and other individuals and entities for non complying with takeover rules in a Reliance Industries Ltd (RIL) case that dates back to 2000.
Those penalised by the regulator include Mukesh Ambani, Nita Ambani, Anil Ambani, Tina Ambani, KD Ambani and other members of the Ambani clan.