SAT upholds Sebi order penalising Reliance Industries, 2 executives

Mumbai: The Securities Appellate Tribunal has upheld a Securities and Exchange Board of India order imposing ₹30-lakh penalty on Reliance Industries and two of its compliance officers, Savithri Parekh and K Sethuraman, for not promptly disclosing the stake sale in its subsidiary company, Jio Platforms, to Facebook in 2020.