Mumbai: Market regulator SEBI (Security and Exchange Board of India) yesterday (Dec 13, 2004) asked the stock exchanges to look into the listing agreement provisions of Reliance Group companies for corporate governance and monitor the trading pattern in all the listed companies of the Reliance empire witnessing a tussle between Ambani brothers, Mukesh and Anil, for ownership control.

A senior SEBI official said requesting anonymity that the stock exchanges were told that if they had not taken any step, including looking into listing agreement provisions for corporate governance, they should do it immediately considering the seriousness of the issue.

The stock exchanges were also asked to analyse chronologically reports about Reliance empire appearing in the media in the last few weeks.