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Reliance Communications settles case, pays Rs 62.4 lakh to SEBI

IANS  |  New Delhi 

The on Friday said (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and trustee.

"Limited filed a suo moto application in terms of the SEBI (Settlement of Administrative and Civil Proceedings) Regulations, 2014 proposing to settle, through a settlement order," SEBI said in a statement.

SEBI said that the in its meeting in September considered the terms of the proposed settlement and recommended the case be settled with the payment.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, November 09 2018. 21:16 IST
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