Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 25 crore on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani, Kokilaben Ambani, Reliance Industries Holding, Reliance Realty and others.
The fine has to be paid jointly, SEBI has ordered.
The market regulator has maintained that the promoters denied minority investors their statutory rights.