sebi:AO/SG-AS/EAD/15/2016
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Facts / Headnote
No violation of Regulation 3 of PIT Regulations found; no monetary penalty under Section 15G of SEBI Act; proceedings dropped
Provisions invoked
- s. 370
- s. 15I
- s. 15G
- s. 372
- s. 106
Regulations
- Reg. 8
- Reg. 3
- Reg. 2
- Reg. 2(e)
- Reg. 2(h)
- Reg. 3A
- Reg. 3B
- Reg. 3B(2)
- Reg. 2(h)(i)
Parties
- Reliance Petroinvestments Ltd.
Holding
Reliance Petroinvestments Ltd. did not violate Regulation 3 of the PIT Regulations in its purchase of 21,32,953 shares of IPCL prior to the interim dividend and amalgamation announcements, and is not liable for monetary penalty under Section 15G of the SEBI Act.
Full text
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Reliance Petroinvestments Ltd. Page 2 of 50
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Reliance Petroinvestments Ltd. Page 3 of 50 Month Closing price at BSE (`) Sept 30, 2007 458.00 Oct 04, 2007 478.94 …”
__________________________________________________________________________________________________________________________________ Adjudication Order in respect of Reliance Petroinvestments Ltd. Page 4 of 50 a. The following announcements made by IPCL on March 02, 2007 and on March 07, 2007 are price sensitive information as per the provisions of regulation 2(ha) of PIT Regulations, the details of which are as under:
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Source: SecMarx — sebi:AO/SG-AS/EAD/15/2016. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.