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Credit Suisse fined

MUMBAI: The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs. 10 lakh on Credit Suisse First Boston (Mauritius) Ltd, a foreign institutional investor for short selling shares of Reliance Industries Ltd (RIL) on December 16, 2002. The penalty was imposed under Sec. 15-1 read with 15HB of the Securities and Exchange Board of India (SEBI) Act 1992.

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