Informative

Electrosteel Castings Promoters Settle Insider Trading Allegations With SEBI For Rs 1.36 Crore

Update / Judgement Date

17 Jul 2024

Source

Live Law

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceSEBI & SCRA

Electrosteel Castings' promoters settled insider trading allegations with SEBI by paying ₹136 crore. SEBI's investigation found the promoters had traded shares based on unpublished price-sensitive information. The settlement amount includes disgorgement of unlawful gains and interest. This case highlights SEBI's vigilance in enforcing insider trading regulations to maintain market integrity and investor confidence.

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Electrosteel Castings Promoters Settle Insider Trading Allegations With SEBI For Rs 1.36 Crore

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