Indian market regulator fines Reliance for not properly disclosing Facebook deal

Indian market regulator fines Reliance for not properly disclosing Facebook deal

India’s market regulator fined Reliance and two of its officers on Monday for not properly disclosing Facebook’s $5.7 billion investment into Jio Platforms in April 2020. The Securities and Exchange Board of India said that media had reported about the then-impending deal in March itself, which prompted the shares of the group company to rise. […]

Indian market regulator fines Reliance for not properly disclosing Facebook deal

2022-06-21 05:04

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