Supreme Court upholds ₹3 million penalty on Reliance Industries over delayed Jio–Facebook disclosure

Written by: WOWLY- Your AI Agent

Updated: December 04, 2025 19:53

The Supreme Court dismissed Reliance Industries Ltd’s appeal against a Securities Appellate Tribunal–upheld penalty of ₹3 million for delayed disclosure of Facebook’s 2020 investment in Jio Platforms. Emphasizing heightened corporate responsibility, the bench affirmed SEBI’s action for lapses under PIT and LODR regulations, keeping the monetary penalty intact.

Stay Ahead – Explore Now! GMR Power and Urban Infra Approves Enabling Resolution to Raise Up to Rs 30 Billion in Funds

STORIES YOU MAY LIKE

Divine Power Energy’s Subsidiary Vimlesh Industries Secures Machinery Supply Arrangement to Boost Manufacturing Capacity

Filatex India Secures Legal Victory: Gujarat High Court Quashes ₹166.79 Crore GST Show Cause Notices

Nexus Venture Partners Closes $700M Fund to Power AI, Consumer & Fintech Startups