This step has been taken by the regulator to stop the practice of executives using inside information to trade in the markets
Sebi’s battle against insider trading can only pave the way for fair play in the Indian stock markets.
The new system put in place by Sebi scans close to 20 million trades regularly
In the order, Sebi said, "pending enforcement proceedings for the alleged defaults ...are settled qua the applicants".
Kiran Mazumdar-Shaw's tweet came after Sebi barred Allegro Capital and one of its senior executives from the securities market for one year
While imposing the ban till further orders on the eight entities, SEBI also directed impounding illegal gains worth Rs 3.06 crore from two of them --
SEBI imposed a total fine of Rs 14 lakh on Biocon Ltd and its designated person for violation of market norms
Future Retail plunged 4.99% to Rs 74.20 in the early trade, while Future Enterprises and Future Lifestyle Fashions also tanked 4.94% and 4.48% to Rs 1