00:00 Reliance Industries chairman Mukesh Ambani received a piece of news.
00:04 In the case of Hera Pheri, Reliance Petroleum shares,
00:07 the order issued by SEBI against him has been cancelled by the Securities Appellate Tribunal.
00:13 What is the whole matter and why did Mukesh Ambani get fined? Let's find out in this video.
00:18 Actually, on Monday, in the case of Hera Pheri,
00:22 Mukesh Ambani and his group Reliance's market regulator SEBI has overturned the 2021 order of the Navi Mumbai Special Economic Zone (SEZ).
00:32 In the case of Hera Pheri, SEBI has fined Reliance Industries,
00:38 Chairman Mukesh Ambani and Navi Mumbai, SEZ, Rs 25 crore.
00:45 After this, Mukesh Ambani appealed to RIL and other institutions to challenge the order of SEBI.
00:53 This decision has been made and Ambani and his company have been relieved of the fine of crores.
00:59 The new order says that if the fine has been deposited to SEBI, then the debtors should be returned.
01:06 Actually, this is the case of November 2007 and in the cash and future segment,
01:10 Reliance Petroleum's shares are linked to the purchase and sale.
01:14 SEBI said that Reliance Industries had manipulated the shares to sell 5% of RPL.
01:21 In 2009, RPL, which is Reliance Petroleum, was merged with Reliance Industries.
01:28 SEBI handed over acquisition regulation violation in the sale of shares worth Rs 12 crore.
01:33 The unit accused the firm's promoters of taking 6.83% of the company's shares, which is more than the regulated limit of 5%.
01:42 In 2021, SEBI found Mukesh Ambani and his firm guilty of taking shares in a fraud.
01:48 The businessman and his brother Anil Ambani, his mother, husband, wife and deal,
01:52 The other institution was fined Rs 25 crore.
01:55 At that time, the SEBI officer Dilip, who was investigating the matter,
02:00 believed that the number of securities or the price of any of the frauds in the market
02:05 The investors' trust is less and a fine was imposed on them.
02:09 Now, during its hearing, the SET excluded SEBI's statement that Ambani and Navi Mumbai SEZ
02:15 had already been aware of the trades related to Reliance Petroleum's shares.
02:20 After this, as soon as the news came on Monday, Reliance Industries' shares are seeing a boost.
02:25 Reliance Industries' shares are trading at around Rs 2420 with a boost of about 1.13%.
02:34 During the business level, the company's share also went up to Rs 2445.
02:38 If we talk about the company's share recently, it opened at Rs 2444.05.
02:43 And the company's market cap has reached Rs 16,37,633.61 crore.
02:50 Mukesh Ambani has got a lot of relief in this matter and the fine imposed on him has been cancelled.
02:56 How did you find this much information in the video?
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03:06 [Music]
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