Reliance Industries has received an administrative warning from Sebi after the regulator found that two employees and one immediate relative of an employee had traded in the company’s shares while in possession of unpublished price sensitive information.
The warning was issued to the company secretary and compliance officer of Reliance. The letter, dated June 24, was received by the company from the National Stock Exchange on July 6. Reliance disclosed the matter to the stock exchanges the same day and said the warning was cautionary in nature. It added that the letter does not impose any financial or operational restrictions on the company.
