RCom pays Rs 62.4 lakh to settle case with Sebi

New Delhi: Reliance Communications has settled a case with the Securities and Exchange board of India (Sebi) for alleged non-cooperation with credit rating agencies and debenture trustees in violation of listing norms.

RCom pays Rs 62.4 lakh to settle case with Sebi

The company has also reached a settlement regarding non-compliance with listing norms, including failure to inform interest payment default on debentures, Sebi said in an order on Friday.

The company, part of the Anil Ambani-led Reliance Group, settled the case after paying Rs 62.4 lakh towards settlement charges, it said.

Under the settlement mechanism, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

source: livemint

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