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.
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.
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Infosys to initiate internal probe into insider trading case
Updated:
Updated:
June 01, 2021 22:45 IST
Sebi has banned eight entities, including two employees of Infosys, for indulging in insider trading activities in the shares of the company
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Sebi has banned eight entities, including two employees of Infosys, for indulging in insider trading activities in the shares of the company India s second largest IT firm 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. Sebi has banned eight entities, including two employees of Infosys, for indulging in insider trading activities in the shares of the company.