 "Sebi's reliance order: Key dates and numbers")
In an order that was in the works for nearly a decade, the Securities and Exchange Board of India (Sebi) on Friday barred Reliance Industries, the country’s second largest company by market capitalisation, from the equity derivatives market allegedly for certain unfair trading practices. The order included directions for disgorgement of unlawful gains of Rs 447 crore made in November 2007 through an elaborate trading plan involving a dozen agent entities and coordinated trades across cash and derivatives market
- Mar 2007: RIL board decides to raise funds by selling 5% in RPL
- May -Nov 2007: 11 of 12 agent entities open
