The Securities and Exchange Board of India (SEBI) alleged that the oil-to-telecoms conglomerate took derivative short positions in shares of separately listed Reliance Petroleum in 2007 through third parties before it sold a 5% stake in the business.
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India's Reliance Industries and chairman Mukesh Ambani fined over share trades
India's Reliance Industries and chairman Mukesh Ambani fined over share trades
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