Reliance Industries’ shares are unlikely to take a big blow on Monday despite Securities Exchange Board of India banning Reliance Industries from accessing equities derivatives market for a year and demanding over Rs 1, 000 crore penalty including interest within 45 days with trades related to erstwhile unit Reliance Petroleum on Friday according to market experts.

The common reason experts gave is that many investors knew about the event as the matter has been pending with SEBI for about a decade. Moreover, the case will get diluted as the company has decided to take the matter to Securities Appellate Tribunal, which will take many years to solve the matter, they added.

“It is a non event considering the size of RIL and there is unlikely to be any panic. Shares will move in line with the market,” said Jimeet Modi, CEO, SAMCO Securities. Sonal Kumar Srivastav, partner Clarte Financial Advisory Services LLPdoesnot see this as a negative news either as the company is restricted only to derivatives market and that too for a year.

“The event is immaterial for RIL as the fine is peanuts for the company. Besides it is not that RIL scrip has been banned though there is some amount of ethical issues here,” said managing director of an advisory firm.

According to SEBI probe, RIL and 12 other entities made illegal gains of Rs 513 crore by dealing in shares of its erstwhile arm Reliance Petroleum ahead of its merging with it. According to the guidelines, the penalty can be Rs 25 crore or three times the unlawful gains, whichever is higher. Some argued that the company is slapped with less fine as the same excluding interest should have been close to the guidelines.

RIL is India’s second most valued firm and its shares have gained 19 per cent till date in 2017 after the company announced that it will be charging its telecom customers from April 1.