RIL promoters to move SAT against Sebi's Rs 20 cr penalty



“The promoter and promoter group have informed RIL that there has been no violation of Regulation 11(1) of the SEBI Takeover Regulations and they have complied with applicable laws and an appeal will be preferred to the Securities Appellate Tribunal and they remain confident of vindicating their position,” RIL said in a stock exchange filing.



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