Wed, Jul 10, 2013 at 17:31
Reliance Petroinvestments Ltd, an RIL group entity, has approached Securities Appellate Tribunal (SAT) against Rs 11 crore penalty imposed by Sebi in an over six-year-old insider trading case. The appeal, which would be heard by the Tribunal here tomorrow, challenges a Sebi order passed on May 2 in an case of insider trading in the shares of IPCL, an erstwhile subsidiary of Reliance Industries Ltd (RIL).
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