SAT verdict in RIL insider-trading case on Jun 30

Reliance has been fighting against market watchdog Sebi in the alleged insider-trading case since December 2010 and since last year the regulator's exclusion of the company from the new consent mechanism.

A full bench of the Securities Appellate Tribunal (SAT), headed by presiding officer JP Devdhar, today concluded the hearing on the nearly four-year-long insider trading case against Reliance Industries and said it will pronounce the order on June 30.

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The case dates back to 2008, when Sebi alleged insider trading against RIL while merging its subsidiary Reliance Petroleum (RPL) with itself in 2007, and the Mukesh Ambani-led company challenged the Sebi charges at the SAT in December 2010.

The case also involves Reliance challenging the maintainability of the Sebi decision's to exclude it from the consent mechanism under the new norms issued for the same in January 2013.

Reliance stock price

On June 16, 2014, Reliance Industries closed at Rs 1064.50, down Rs 17.45, or 1.61 percent. The 52-week high of the share was Rs 1142.50 and the 52-week low was Rs 765.00.

The company's trailing 12-month (TTM) EPS was at Rs 68.00 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 15.65. The latest book value of the company is Rs 609.63 per share. At current value, the price-to-book value of the company is 1.75.

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