ReutersThe said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.
The regulator had investigated the trades done in the long-dated Nifty50 options between Reliance Strategic Investments and Morgan Stanley (France) SA in August 2017, to ascertain violation of trading practices.
On conclusion of the investigation, it was observed that RIL arm and Morgan Stanley had traded in longdated Nifty put options expiring on December 28, 2017, having a strike price of 11400, at a price significantly away from the intrinsic value.
Therefore, Sebi initiated adjudication proceedings against both the firms for alleged violation of regulations.
Friday, 30 Jun, 2023- Front Page
- Pure Politics
- Companies & Economy
- Brands & Companies
- More
ZTE Receives Govt Security Clearance to Supply Gear to ViThe government has allowed Chinese gearmaker ZTE to provide optical transmission equipment worth over ₹200 crore to Vodafone Idea (Vi) for a network upgradation project.
TCS Fires 6 Hands, Bans as Many Staffing FirmsTata Consultancy Services (TCS) has sacked six employees and blacklisted as many staffing firms following complaints about discrepancies in its recruitment process, Tata Sons chairman N Chandrasekaran told shareholders at the company’s 28th annual general meeting on Thursday.
US SC Ends Race-based AdmissionsThe US Supreme Court on Thursday struck down race-conscious student admissions programmes at Harvard University and the University of North Carolina in a sharp setback to affirmative action policies often used to increase the number of Black, Hispanic and other underrepresented minority groups on campuses.
Read More News on
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Get Unlimited Access to The Economic Times 
