SEBI issues show cause notices to Anil Ambani-linked Reliance Infra and Reliance Power over alleged trade violations
In a significant regulatory development, the Securities and Exchange Board of India (SEBI) has issued show cause notices to two Anil Ambani-linked companies—Reliance Infrastructure Ltd and Reliance Power Ltd—over alleged violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, and the SEBI Act, 1992. The notices pertain to the companies’ exposure…