Software major Infosys has said that it has initiated an internal investigation in the matter of insider trading in its scrip wherein SEBI has barred two of its employees among others.In a statement, the company said that on Tuesday, it was ...
Read more about Sebi bans eight, including 2 company staff, for insider trading in Infosys on Business Standard. Illegal gains worth Rs 3.06 crore impounded
SEBI bars 8 entities in Infosys insider trading case, impounds accounts
By IANS |
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Exchanges, clearing corps asked to begin asset liquidation of defaulters. Image Source: IANS News
Mumbai, June 1 : The Securities and Exchange Board of India (SEBI) has barred eight entities, including individuals and two financial companies, for being involved in insider trading in the scrip of Infosys.
The entities are Pranshu Bhutra, Amit Bhutra, Bharath C. Jain, Manish C. Jain, Ankush Bhutra, Venkata Subramaniam V.V., and firms Capital One Partners and Tesora Capital.
The investigation found that the total proceeds generated from insider trading was over Rs 3.06 crore.