RCom settles case of alleged failure to inform interest payment default on debentures

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RCom settles case of alleged failure to inform interest payment default on debentures

Published : Nov 9, 2018, 6:48 pm IST
Updated : Nov 9, 2018, 6:48 pm IST

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Reliance Communications has settled a case with Sebi

Reliance Communications has settled a case with Sebi

RCom settles case of alleged failure to inform interest payment default on debentures: Sebi

New Delhi, Nov 9 (PTI): Reliance Communications has settled a case with Sebi for alleged non-cooperation with the credit rating agencies and debenture trustee in violation of listing norms. The company has also reached a settlement regarding non-compliance with listing norms including failure to inform interest payment default on debentures, the Securities and Exchange Board of India (Sebi) said in an order Friday.

Reliance Communications

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The company, part of Anil Ambani-led Reliance, settled the case after paying Rs 62.4 lakh towards settlement charges, it said. Under the settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

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