NEW DELHI: The Securities Appellate Tribunal (SAT) on Wednesday quashed a Sebi order imposing a penalty of Rs 7 lakh on Jio Financial Services in case of alleged manipulation in certain trades in long-dated Nifty options in 2017.
Earlier this year, Reliance Industries (RIL) demerged its financial services undertaking into Reliance Strategic Investments (RSIL) and renamed it as Jio Financial Services (JFSL) — formerly known as Reliance Strategic Investments.
The case pertains to certain trades in long-dated Nifty options between Reliance Strategic Investments and Morgan Stanley France done back in 2017.
Earlier this year, Reliance Industries (RIL) demerged its financial services undertaking into Reliance Strategic Investments (RSIL) and renamed it as Jio Financial Services (JFSL) — formerly known as Reliance Strategic Investments.
The case pertains to certain trades in long-dated Nifty options between Reliance Strategic Investments and Morgan Stanley France done back in 2017.