Indian market regulator fines Reliance for failing to properly disclose Facebook deal
India’s market regulator fined Reliance and two of its officials Monday for failing to properly disclose Facebook’s $5.7 billion investment in Jio Platforms in April 2020. The Securities and Exchange Board of India said media itself reported on the then-impending deal in March, which sent shares of the group company soaring. (Some Inside Baseball: The … Read more