SEBI Rejected Reliance plea

Stock Market regulator SEBI has rejected 149 pleas those were filed in many cases of market manipulation. 16 pleas of the total filed are from Reliance Industries Ltd. and many units of the Reliance Group. SEBI thinks that related issues cannot be dealt only by applying charge. Manoj Modi's plea has also rejected who is close to Mukesh Ambani and official of Reliance Industries. Brokerage Firm India Info- line and HSBC invest direct securities are also included in rejected plea list.

The securities and exchange India (SEBI) has said that if the companies pays a fixed charge and profit from the earned money from the market than only they will get free by the order. 13 pleas from Reliance Group are related to its petroleum business. This company is now acquired by Reliance Industries Ltd. Petroleum Minister M. Veerappa Moyeli has permitted to the group for oil and gas production with some conditions.

Stock Market regulator SEBI has rejected 149 pleas those were filed in many cases of market manipulation. 16 pleas of the total filed are from Reliance Industries Ltd. and many units of the Reliance Group. SEBI thinks that related issues cannot be dealt only by applying charge. Manoj Modi's plea has also rejected who is close to Mukesh Ambani and official of Reliance Industries. Brokerage Firm India Info- line and HSBC invest direct securities are also included in rejected plea list.

The securities and exchange India (SEBI) has said that if the companies pays a fixed charge and profit from the earned money from the market than only they will get free by the order. 13 pleas from Reliance Group are related to its petroleum business. This company is now acquired by Reliance Industries Ltd. Petroleum Minister M. Veerappa Moyeli has permitted to the group for oil and gas production with some conditions.