Tag Archives: Securities and Exchange Board of India

India’s Securities and Exchange Board (Sebi) imposed sanctions on Reliance Industries (RIL), its president and managing director Mukesh Ambani, and two other entities on Friday for alleged manipulative trading of the shares of the former Reliance Petroleum (RPL) in November. 2007. Fines of Rs 25 million and Rs 15 million …

The markets regulator Securities and Exchange Board of India (Sebi) sees no merit in relaxing the 10 percent investment limit on a single share for actively managed mutual fund (MF) schemes, its boss said Wednesday. “The 10 percent limit is intended for diversification. Just because some programs outperform doesn’t mean …