Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reliance Industries and two of its compliance officers were fined for violating fair disclosure norms during Facebook's 2020 investment in its digital unit in 2020. SEBI said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the imminent investment that led to a spike in its shares.
from Gadgets 360 https://ift.tt/tbk20OT
from Gadgets 360 https://ift.tt/tbk20OT
Reliance Fined for Not Promptly Disclosing 2020 Facebook $5.7 Billion Deal
Reviewed by V. Kumar
on
June 20, 2022
Rating:
No comments: