SEBI slaps fine on RIL, compliance officers for delay in Facebook-Jio deal disclosure
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SEBI on Monday fined Reliance Industries Ltd and two of its compliance officers INR 30 Lakhs for flouting its fair disclosure norms with regards to social media company Facebook’s investment in Jio Platforms in 2020. The company and the compliance officers – Savithri Parekh and K Sethuraman – have been ordered to pay the amount jointly and severally within 45 days of the receipt of the order.