RIL ready to cooperate with SEBI on insider trading charge in RPL

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New Delhi, Mar 18 (UNI) The Mukesh Ambani-promoted Reliance Industries Ltd (RIL) today said they and their group companies are ready to provide all the necessary information to Securities and Exchange Board of India (SEBI) regarding Reliance Petroleum Ltd, one of their group's company.

Reacting to a question and answer in the Rajya Sabha, India's largest private sector company said they and their group companies have complied with all rules and regulations ( in respect of Reliance Petroleum) and will cooperate and provide all the necessary information to the concerned authorities.

Earlier, the government said the SEBI has launched an inquiry against promoters/affiliates of Reliance Industries on the charge of indulging in insider trading in the stock of Reliance Petroleum.

Replying to a question by Mr Amar Singh (Samajwadi Party) in the Upper House whether the government has taken any action against the promoters/affiliates of Reliance Industries regarding the recent mammoth insider trading activities in the shares of Reliance Petroleum, Minister of State for Finance Pawan Kumar Bansal, in a written reply, said ''SEBI has informed that it has initiated an examination in the matter.'' UNI SAA AK RN2016

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