Shares of Reliance Industries will remain in focus on Tuesday after India’s most valuable company received an administrative warning letter from market regulator Sebi over alleged insider trading by two of its employees and an immediate relative.
The Mukesh Ambani-led conglomerate on Monday shared Sebi’s administrative warning letter dated June 24. In the letter, the market regulator said it conducted an investigation and found that Kamini Jain, connected to an employee named Mahesh Goyal, Hirai Umang Doshi and Harsh Jain had traded shares of Reliance Industries while holding unpublished price-sensitive information, violating provisions of the Sebi Act.
