-
Reliance Shares Fall 3.6% Amid ₹125 Crore Penalty Risk
Summary: Reliance Industries’ shares fell 3.6% following reports of a potential ₹125 crore penalty from SEBI due to alleged regulatory violations. While the penalty is minor compared to Reliance’s financial scale, the news triggered investor concerns over corporate governance and regulatory scrutiny. Analysts noted that such fines can hurt investor sentiment despite their limited financial impact. Reliance has not yet officially responded, and the market will be watching closely for further updates. Reliance Industries Limited (RIL), one of India’s largest conglomerates, witnessed a sharp decline in its share price on Tuesday, falling by 3.6% during intraday trading. The sudden drop comes amid reports that the company could be facing a…