Market regulator Securities and Exchange Board of India (SEBI) has barred Abhay Bhutada, managing director (MD) and chief executive officer (CEO) of Poonawalla Fincorp (erstwhile Magma Fincorp)
Managing Director Abhay Bhutada was found guilty of sharing information about Adar Poonawalla-owned Rising Sun Holdings' proposed stake buy in the company before it was public knowledge
BENGALURU (Reuters) - Shares of Poonawalla Fincorp fell 5% on Thursday after India's market regulator banned the managing director of the non-banking .
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Explained: Why Poonawalla Fincorp shares hit lower circuit today businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.