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.
