SEBI restrains 2 Infosys, Wipro employees from securities market
The Hindu
Proceeds of ₹ 2,62,30,620 were generated through the insider trading activities.
Markets regulator SEBI has restrained an Infosys employee and his connected person, who is an employee of Wipro Ltd, from the securities market till further orders in a matter related to alleged insider trading in Infosys shares.
The market regulator has also directed impounding of illegal proceeds of ₹ 2.62 crore, according to a SEBI order dated September 27.
The alert system of SEBI had generated insider trading alerts for Infosys' scrip around the corporate announcement about the strategic partnership of Infosys with Vanguard.
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