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.
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source: livemint
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