Reliance Industries Shares Gain in Mumbai Trading

Reliance Industries Ltd. (RIL) gained 0.7 percent to 825.90 rupees at 9:17 a.m. in Mumbai trading, after climbing as much as 0.9 percent.

The Securities and Exchange Board of India may ask Reliance to pay as much as 20.5 billion rupees to settle charges of insider trading, the Mint newspaper reported today. Reliance spokesman Manoj Warrier and N. Hariharan, a spokesman for the capital markets regulator, declined to comment on the report.

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