SEBI: Reliance Infra, RNRL cannot invest in publicly traded cos

Mumbai: The Securities and Exchange Board of India (SEBI) said on Friday Reliance Infra and Reliance Natural Resources misrepresented nature of investments, their profits/losses in annual reports.

* India markets regulator says Reliance Infra, Reliance Natural Resources misrepresented numbers in reports for years ending March 2007, 2008, 2009

* India markets regulator says Reliance Infra, RNRL shall not make investments in secondary market listed securities until December 2012

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* India markets regulator says individual applicants, including Anil Ambani, cannot make investments in secondary market listed securites until December 2011

* India markets regulator says Reliance Infra shall pay a settlement charge of 250 million rupees

* India markets regulator says Reliance Infra has remitted settlement amount

* Reliance Infra says has settled show-cause proceedings of June 2010 with regulator

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* Reliance Infra says settlement is without admission or denial of guilt

* Reliance Infra says settlement maintains full financial flexibility to implement growth projects

* Reliance Infra says directors voluntarily paid entire settlement fees with no burden to co