 "Sebi")
Markets regulator Sebi has imposed Rs 10 lakh penalty on Indiabulls Real Estate chief financial officer Anil Mittal for indulging in insider trading.
Securities and Exchange Board of India (Sebi) carried out an analysis of the trading activity in the scrip of Indiabulls Real Estate Limited (IBREL) during January-June period 2017.
The regulator found that Mittal had traded in the shares of IBREL while in possession of the unpublished price sensitive information (UPSI) related to sale of shares by the company's promoter entity IBREL IBL Scheme Trust.
He had admittedly attended the meeting of the operations committee of IBREL, when
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