Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine

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BENGALURU: India’s No.2 IT services exporter Infosys‘ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday.

Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.

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Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine


BENGALURU: India’s No.2 IT services exporter Infosys‘ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday.

Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.

Discover the stories of your interest



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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