We have bought multiple videos regarding insider trading. Nowadays a lot of cases of insider trading are coming out and it’s our responsibility to keep you updated about the things happening in the market.
And today we are again here to present new insider trading information. Yes! You heard it right SEBI has again banned some for insider trading.
Today in this video we will talk about sebi bans 8 including 2 employees of Infosys for insider trading.
So let’s dive into the information:
SEBI has banned 8 including 2 employees of Infosys for trading in the stock market because of insider trading.
This includes Pranshu Bhutra, Amit Bhutra, Bharat C Jain, Manish Jain, Ankush Bhutra, Venkata Subramaniam V. V, Capital One Partners and Tesora Capital.
Venkata Subramaniam is the Senior Principal, while Pranshu Bhutra is the company’s Senior Corporate Counsel of the firm Infosys.
Capital One and Tesora had traded in Infosys in the F&O segment just prior to the announcement of financial results for the quarter ended June 30, 2020, squared off their positions such that their net positions were zero.
In the process, Capital One Partners and Tesora Capital had made illegal gains of Rs 2.79 crore and Rs 26.82 lakh respectively by indulging in insider trading.
To grab more information regarding this watch the video till the end!
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