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    Vikshita Vitthal Gujaran in News

    03-Apr-2023 06:06 AM


    3 People Barred From Market For 2 Years, Fined Rs 90 Lakh In Zee Insider Trading Case

    #Sebi has barred the three individuals from the securities market for two years.
    1 (Shah) for communicating the UPSI to Noticee Nos.
    2 and 3 have been adequately established," Sebi said.
    Also, a penalty of Rs 30 lakh each has been imposed on the three individuals.
    In August 2021, Sebi had passed an interim order in the matter prohibiting 14 entities, including individuals, from the securities market until further orders by and impounded illegal gains of Rs 23.84 crore generated from insider tradings.
    Later a confirmatory order was passed by Sebi against certain entities in September 2021.