Sunday, September 26, 2021

Tag: Mukesh Ambani

Mukesh Ambani ordered to pay $2 million fine by Indian regulator

© Bloomberg - Mukesh Ambani

New Delhi, January 2 (Bloomberg) - India’s market regulator ordered billionaire Mukesh Ambani and his conglomerate Reliance Industries Ltd. to pay a combined penalty of 400 million rupees ($5.5 million) for allegedly violating share-trading rules about 13 years ago. In its order dated Jan. 1, the Securities and Exchange Board of India said Reliance and its agents operated to allegedly earn undue profits from ...

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