Page 4 - Insider Trading

Sebi levies fine on two employees of Titan Company for disclosure lapses

They traded in the scrip of Titan with total value of transactions in excess of Rs 10 lakh

Sebi levies fine on 3 Titan employees for violating insider trading norms

Markets regulator Sebi on Monday imposed monetary penalty on three employees of Titan Company Ltd for violating insider trading norms

Sebi fines 2 persons for violating insider trading norms in Mindtree case

Markets regulator Sebi on Thursday penalised two persons for violating insider trading norms with respect to shares of Mindtree Ltd. Through two separate orders, the watchdog imposed a fine of Rs 1 lakh each on Uday Kiran Lingamaneni and Virat Kumar Yerramalla, who were employees of Mindtree at the time of violation. Sebi noted that Lingamaneni and Yerramalla had transacted in the scrip of the company on multiple occasions, including during the investigation period (January-March 2019). It was further observed that both had traded in excess of Rs 10 lakh in the scrip during the period. However, they did not disclose about their respective transactions to the company as required under the insider trading norms. Lingamaneni had executed three transactions worth Rs 68.18 lakh during January-March 2019 period while Yerramalla had executed five transactions with the total traded value of Rs 57.96 lakh, the orders noted. The allegation that the noticees have violated PIT (Prohibition

Sebi levies Rs 20 lakh fine on individual for insider trading in Videocon

Markets regulator Sebi on Friday imposed a fine of Rs 20 lakh on an individual for violation of insider trading norms in the shares of Videocon Industries Ltd.

Indiabulls Ventures CEO, 4 others pay Rs 5cr to settle insider trading case

Four individuals and one entity, including CEO of Indiabulls Ventures Ltd, paid around Rs 5 crore as settlement charges to Sebi to settle a case of alleged insider trading in shares of the firm

Decoded: Of 'Pandora Papers', insider trading and Biocon link

Kiran Mazumdar-Shaw, executive chairperson of Biocon denied any impropriety

Abhay Bhutada hasn't done anything as per lawyers, says Adar Poonawalla

Poonawalla said Abhay Bhutada, who resigned last week from post of Managing Director on alleged charges of insider trading, "hasn't done anything" as per the lawyers and others who gave him reports

Sebi levies fine on Titan's employee for disclosure lapses

Markets regulator Sebi on Friday imposed monetary penalty on an employee of Titan Company Ltd for disclosure lapses, in violation of insider trading norms

Poonawalla Fincorp hits 5% lower circuit for second day as MD resigns

Sebi on Wednesday barred Abhay Bhutada, the MD and CEO of Poonawalla Fincorp, and seven others from accessing the securities market for allegedly insider trading in shares of the company

Poonawalla Fincorp MD Abhay Bhutada quits following Sebi action

Vijay Deshwal, Group Chief Executive Officer, will continue to run the company's operations; firm appoints new Chief Risk Officer

Sebi bars CEO of Poonawalla Finance, seven others for insider trading

Rs 13.6 crore impounded; analysis by Sebi showed a group of connected entities had taken long positions in Magma Fincorp that were later squared off, generating huge profits

Sebi confirms directions passed against entities in Infosys insider trading

Sebi on Wednesday confirmed its directions passed earlier against certain entities to bar them from the capital markets for allegedly indulging in insider trading in Infosys Ltd's shares.

Sebi penalises 2 Videocon promoter cos for violating insider trading norms

The entities have violated Prohibition of Insider Trading (PIT) norms, according to two separate orders

Sebi penalises compliance officer of Essar Shipping in insider trading case

Markets regulator Sebi on Wednesday levied monetary fine on the compliance officer of Essar Shipping Ltd for failing to administer the code of conduct as prescribed under insider trading norms.

Titan case: Sebi penalises 6 people for violating insider trading rules

Sebi had received a letter from Titan, intimating the regulator about contravention of insider trading norms

Sebi penalises six people for violating insider trading rules in Titan case

Capital markets regulator Sebi on Tuesday penalised six individuals for violating insider trading norms in the matter of Titan Company Ltd. The regulator has levied a fine of Rs 1 lakh each on Muniraj Radhakrishnan, Gangadhar Sudheer Kallihal, Punit Juneja, Jayraj P, Arjun Ramji Vishwakarma and Mekat George. In six separate orders, Sebi said these individuals were employees or designated persons of Titan at the time of the violation. While in employment of Titan, they had transacted in securities of the company on two occasions between the quarter ended June 2018 and March 2019. The total traded value of the securities by each of them was in excess Rs 10 lakh. Under the norms, they were required to make disclosures to Titan for each of the transactions within two working days. However, they did not make the disclosures. By doing so, they violated the prohibition of insider trading (PIT) norms. They have contended that were not aware about Sebi Act, PIT regulations and the compan

Investors need to focus on 'insider' selling red flag

Unfreeze Zee Entertainment insider trading accounts: Bajaj Finance to Sebi

Bajaj Finance has told Sebi that the blockage of funds would adversely impact its ability to repay and may result in a default

SAT stays Biocon insider trading order

Sebi had directed Allegro Capital and its owner Kunal Kashyap to disgorge Rs 25 lakh for allegedly dealing in shares of Biocon while in possession of price sensitive information.

Sebi levies Rs 12L fine on individual for insider trading in Infosys scrip

Markets regulator Sebi on Monday imposed a total fine of Rs 12 lakh on an individual for indulging in insider trading in the shares of Infosys Ltd