NEW DELHI: Reliance Communications (RCom) has settled a case with the Securities and Exchange board of India (Sebi) for alleged non-cooperation with credit rating agencies and debenture trustees in violation of listing norms.
The company has also reached a settlement regarding non-compliance with listing norms, including failure to inform interest payment default on debentures, Sebi said in an order on Friday.
The company, part of the Anil Ambani-led Reliance Group, settled the case after paying Rs 62.4 lakh towards settlement charges, it said.
Under the settlement mechanism, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.
Source: Press Trust of India
