RIL fall post Sebi order is merely a knee-jerk reaction: Analysts

Sebi has also barred Reliance Petroleum from F&O segment for a year

Reliance Industries (RIL) lost nearly 2.7%, or Rs 35, on the National Stock Exchange (NSE) by late noon deals after the market regulator the Securities and Exchange Board of India (Sebi) on Friday directed the company to disgorge Rs 447.27 crore, made “unlawfully” by dealing in shares of its erstwhile subsidiary, Reliance Petroleum (RPL). By comparison, the NIfty50 index was trading 0.5% lower at 9,060 levels.

The markets regulator has also barred the Mukesh Ambani – controlled company from the futures and options (F&O) segment for a year and