Rakesh Jhunjhunwala and his wife Rekha paid Rs 18.5 crore and Rs 3.2 crore, respectively. The Rs 37-crore settlement amount includes disgorgement of gains and interest charges. Utpal Sheth, CEO of Jhunjhunwala’s asset management firm Rare Enterprises, and his sister Ushma Sheth Sule have also settled the insider trading complaint. Utpal Sheth is a director of Aptech. The probe relates to an Aptech filing with stock exchanges on September 7, 2016, announcing the company s entry into the preschool segment. The said information was considered Unpublished Price Sensitive Information (UPSI) and the period of UPSI was March 14, 2016, to September 7, 2016, Sebi said in its settlement order on Wednesday. It is alleged that Utpal Sheth and Rakesh Jhunjhunwala were in possession of the UPSI and communicated it to the other applicants.
ET Markets RadioTune in now for Markets news, views & cues ETMarkets Morning Podcast (ETMarkets.com) 05:12 Min | July 15, 2021, 9:13 AM IST Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks. Tags Transcript Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first Zomato IPO flies off the shelves on Day 1 Jhunjhunwalas settle insider trading charge with Sebi in Aptech case Sequoia, Mirae-Naver can exit Zomato right after IPO IPO rush puts pressure on rupee, RBI plays saviour
Rakesh Jhunjhunwala, His Wife Rekha, Ramesh Damani And 7 Others Asked to Pay Rs37 Crore to Settle Aptech Insider Trading Case moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
Rakesh Jhunjhunwala, wife settle Aptech insider trading case with Sebi business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
SEBI settles insider trading case with Rakesh Jhunjhunwala - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Mumbai: Billionaire stock market investor Rakesh Jhunjhunwala has filed a consent application with the Securities and Exchange Board of India (Sebi) to settle an alleged insider trading case in the shares of education company Aptech Ltd dating to 2016, said two people familiar with the development. Apart from Jhunjhunwala, Aptech board members Utpal Sheth, Ramesh S Damani and Madhu Jayakumar are also learned to have filed consent applications with Sebi. Sheth is the CEO of Jhunjhunwala’s asset management firm Rare Enterprises. Consent applications are out-of-court settlements over securities law violations. They are negotiated between the regulator and the entities concerned, without admission of guilt and without denial of liabilities, and involves the payment of a fee. The consent mechanism is a discretionary exercise on the part of the regulator.
Aptech Insider Trading Case | Rakesh Jhunjhunwala Files Consent Application With SEBI: Report moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Aptech insider trading case: Rakesh jhunjhunwala files consent appeal with SEBI SEBI had issued show-cause notices to Jhunjhunwala and Aptech s board members, querying why action should not be taken against them for security law infringements BusinessToday.In | February 6, 2021 | Updated 12:35 IST Jhunjhunwala and his family own a 49% stake in Aptech Ltd Ace investor Rakesh Jhunjhunwala has filed a consent appeal with the SEBI (Securities and Exchange Board of India) to settle an alleged insider trading case concerning the shares of education company Aptech Ltd. The case dates back to 2016. Besides, the billionaire investor, Aptech board members Madhu Jayakumar, Utpal Sheth, and Ramesh S Damani have also filed consent applications with the markets regulator, the Economic Times reported.