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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 .
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 The entities have traded in the scrip of Infosys while in possession of Unpublished Price Sensitive Information (UPSI) pertaining to Infosys financial results for the quarter ended June 30, 2020, Sebi said in an interim order passed on Monday.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.