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  Business   Companies  10 Nov 2018  RCom settles case after paying Rs 62.4 lakh towards settlement charges: Sebi

RCom settles case after paying Rs 62.4 lakh towards settlement charges: Sebi

FINANCIAL CHRONICLE
Published : Nov 10, 2018, 11:01 am IST
Updated : Nov 10, 2018, 11:01 am IST

Under the settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

 RCom settles case of alleged failure to inform interest payment default on debentures.
  RCom settles case of alleged failure to inform interest payment default on debentures.

New Delhi: Reliance Communications has settled a case with Sebi for alleged non-cooperation with the credit rating agencies and debenture trustee in violation of listing norms.

The company has also reached a settlement regarding non-compliance with listing norms including failure to inform interest payment default on debentures, the Securities and Exchange Board of India (Sebi) said in an order Friday.

 

The company, part of Anil Ambani-led Reliance, settled the case after paying Rs 62.4 lakh towards settlement charges, it said.

Under the settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

Tags: rcom, interest payment, sebi, anil ambani, debentures
Location: India, Delhi, New Delhi