India's Reliance gets SEBI warning over employee trades during sensitive period
Reliance Industries, one of India's largest companies, received a warning from market regulator SEBI over employee trades during a period of unpublished price-sensitive information (UPSI). The warning draws attention to the firm's insider-trading controls.
Reliance Industries, one of India's largest companies, has received a warning from market regulator SEBI over employee trades that took place during a period of unpublished price-sensitive information (UPSI).
The warning raised questions about the company's internal controls for preventing insider trading. Such SEBI warnings signal that corporate-governance standards are being scrutinised.
Reliance is a sprawling conglomerate with operations spanning energy, telecoms and retail. Investors are watching the regulatory warning for its effect on the company's compliance processes and any further steps that may follow.
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