Stocks

Tribunal order will drive Reliance Industries

| Updated on June 27, 2014

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Shares of Reliance Industries will remain active next week, as the Securities Appellate Tribunal will pronounce the order on Monday on the nearly four-year-long insider trading case. Reliance has been fighting against SEBI in the alleged insider trading case since December 2010 and since last year the regulator’s exclusion of the company from the new consent mechanism. The case relates to the merger of its subsidiary Reliance Petroleum with itself in 2007.

Published on June 27, 2014

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