India fines Reliance for not disclosing Facebook's $5.7b investment in Jio

India fines Reliance for not disclosing Facebook's $5.7b investment in Jio

Photo by Kon Karampelas on Unsplash

India’s market regulator on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook’s $5.7 billion investment in its digital unit in 2020.