India's market regulator fined Reliance Industries chairman Mukesh Ambani and others Rs 25 crore ($3.36 million) on Wednesday over irregularities in a two-decade-old share issue in the company. Ambani, his family members and some entities linked to them were penalised by Sebi for not making regulatory disclosures when they collectively raised their shareholding in Reliance by nearly 7% by subscribing to the January 2000 issue.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3fKpeky
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