SEBI passed settlement orders in two cases involving insider trading, which has been linked to Adani Group shares by Ajay Bhatia and Supreet Singh Luthra. Bhatia agreed to settle charges by paying ₹1.04 crore and disgorgement of ₹55.34 lakh in unlawful gains. SEBI previously accused Bhatia of receiving unpublished price sensitive information (UPSI) from insiders and passing it to Luthra.
short by
Ishita Ranganath /
08:21 pm on
17 Sep