homemarket Newsstocks NewsSebi slaps Rs 8 crore fine on PC Jeweller promoters for insider trading

Sebi slaps Rs 8 crore fine on PC Jeweller promoters for insider trading

Sebi slaps Rs 8 crore fine on PC Jeweller promoters for insider trading
Show More
Show More
Profile image

By CNBC-TV18 Dec 17, 2019 8:35:33 PM IST (Updated)

Markets regulator Sebi on Tuesday imposed a total fine of over Rs 8 crore on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case.

Markets regulator Sebi on Tuesday imposed a total fine of over Rs 8 crore on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case.

Live Tv

Loading...

“A sum of Rs 6,17,60,184.13 shall be impounded jointly and severally, from Shivani Gupta, Sachin Gupta and Amit Garg, being the notional loss avoided on account of trades carried out in the trading accounts of Shivani Gupta, and a sum of Rs 2,13,23,161.64 shall be impounded jointly and severally, from Quick Developers Pvt. Limited and Amit Garg, being the notional loss avoided/gains made on account of trades carried out in the trading account of Quick Developers Pvt. Limited," the order said.
Sebi had conducted an investigation into the scrip of PC Jeweller to ascertain whether the suspected entities had traded in the scrip during the period April 2–July 31, 2018, or Investigation Period on the basis of unpublished price sensitive information, in contravention of the provisions of the SEBI Act, 1992.
View All

Most Read

Market Movers

View All
Top GainersTop Losers
CurrencyCommodities
CompanyPriceChng%Chng