Sebi has barred eight entities from the securities market for indulging in insider trading activities in the shares of Infosys. While imposing the ban till further orders on the eight entities, the watchdog also directed impounding illegal gains worth Rs 3.06 crore from two of them Capital One Partners and Tesora Capital. The entities have traded in the scrip of Infosys while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to Infosys financial results for the quarter ended June 30, 2020, Sebi said in an interim order passed on Monday. Capital One and its working partners Amit Bhutra and Bharath C Jain as well as Tesora Capital and its working partners Amit Bhutra, Ankush Bhutra and Manish Champalal Jain have been barred from the securities market. Besides, Pranshu Bhutra, Senior Corporate Counsel of Infosys and Venkata Subramaniam V V, Senior Principal, Corporate Accounting Group of the company, have been barred, as per the order.
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
Read more about Infosys to initiate internal investigation into insider trading case on Business Standard. Infosys on Tuesday said it will initiate an internal investigation into an insider trading matter after markets regulator Sebi barred two of its employees from the securities market in the case.
By indulging in such trades, Capital One Partners and Tesora Capital had made illegal gains to the tune of Rs 2.79 crore and Rs 26.82 lakh, respectively, according to Sebi.