Allegro Capital named in Pandora Papers: What was the Sebi order about?

Kunal Kashyap's Sebi order was also linked to Biocon. It was related to a 2018 announcement about Biocon's global collaboration with Sandoz

The Securities and Exchange Board of India (Sebi) had investigated Allegro Capital over insider trading. The markets regulator asked the company and its Director and major shareholder Kunal Ashok Kashyap to pay Rs 24,68,751 and also imposed additional penalties in an order passed on July 8.

Kunal Kashyap was subsequently named in the ‘Pandora Papers’ a global investigation of offshore entities. The Indian Express published a series of investigative reports based on the ‘Pandora Papers’ on Monday. Previous such investigations led to government probes for tax evasion. There can also be legitimate reasons, including business ones, for