Share Acquisition Case: RIL gets relief from Supreme Court, Appeal to get documents from SEBI approved

According to Reliance Industries, these SEBI documents will clear the situation and the allegations of asymmetry against the promoters of the company will be proved wrong.

RIL gets relief from Supreme Court

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TV9 Bharatvarsh

TV9 Bharatvarsh | Edited By: Saurabh Sharma

Aug 05, 2022 | 11:25 am




Reliance Industries has got relief from the Supreme Court in the acquisition case of its own shares. In fact, the Supreme Court has directed SEBI to hand over some documents sought by RIL to the company. In fact, it is alleged that Reliance Industries had committed irregularities in the acquisition of its own shares between 1994 and 2000. However, RIL claims that the documents sought will absolve the promoters and the company from these charges. Earlier, the appeal of Reliance Industries was turned down in the High Court. After which the company reached the Supreme Court.

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