New Delhi, Dec. 3 -- The Supreme Court on Tuesday upheld a Rs.30 lakh penalty imposed by the Securities and Exchange Board of India (SEBI) on Reliance Industries Ltd (RIL) and two of its senior compliance officers for failing to promptly disclose information regarding Facebook's 2020 investment in Jio Platforms, emphasising that market integrity demands transparency from major corporate players. A bench led by Chief Justice of India Surya Kant and Justice Joymalya Bagchi dismissed RIL's challenge to a May 2, 2025, order of the Securities Appellate Tribunal (SAT), which had affirmed SEBI's findings of delayed disclosure. The top court stressed that when news of a deal of such magnitude surfaces and has the potential to sharply influence stoc...