Reliance Industries: SAT Upholds ₹30 Lakh Sebi Penalty Over Jio-Facebook Deal Disclosure

⚖️ The Securities Appellate Tribunal (SAT) has upheld Sebi’s ₹30 lakh fine on

and two compliance officers for delayed disclosure of Facebook’s 2020 stake buy in Jio Platforms. Sebi cited media speculation and a 15% RIL stock surge ahead of the formal announcement.