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Reliance Communications settles case, pays Rs 62.4 lakh to SEBI

  •   Sat, Nov 10 2018 08:59:24 AM

New Delhi, Nov 10 (IANS): The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.

"Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 proposing to settle, through a settlement order," SEBI said in a statement.

 

SEBI said that the High Powered Advisory Committee in its meeting in September considered the terms of the proposed settlement and recommended the case be settled with the payment. 
  

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Title: Reliance Communications settles case, pays Rs 62.4 lakh to SEBI



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