Piramal Insider Trading: Piramal Capital Housing Finance Managing Director Settles with SEBI By Paying Rs 91 Lakh

Piramal Capital & Housing Finance’s Managing Director, Nandini Piramal, has settled a case with SEBI regarding insider trading by paying Rs. 91 lakh. SEBI had accused Piramal of using non-public information to trade shares of the company, resulting in an unfair advantage. The settlement involves no admission of guilt, but Piramal has agreed to pay the penalty to resolve the matter. This action underscores SEBI's ongoing efforts to curb insider trading and enforce market regulations.