 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Billionaire investor Rakesh Jhunjhunwala, wife Rekha Jhunjhunwala and eight others have settled a case pertaining to alleged insider trading in shares of Aptech by agreeing to pay more than Rs 37 crore. This is the combined amount paid by ten individuals and includes settlement charges, disgorgement of ill-gotten gains and interest charges.
The case was settled under the so-called consent route, where an alleged wrongdoer can close a pending matter with market regulator Securities and Exchange Board of India (Sebi) without admitting or denying the charges leveled against them.
The matter pertains to dealing in shares of Aptech—where Jhunjhunwala and
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