Kiran Mazumdar-Shaw sold 1,600 shares without pre-clearance: Infosys
Updated : February 28, 2019 08:40 PM IST
Following a review by the audit committee of the company's Board of Directors that determined that there was a violation of the Infosys Insider Trading Policy and the Prohibition of Insider Trading) Regulations, 2015, a penalty of Rs 9.5 lakh has been imposed on Mazumdar-Shaw.
It added that the transaction occurred when the trading window was open.
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