Aptech slips 4% on reports of Sebi probe against Rakesh Jhunjhunwala

Sebi is examining a time frame of February 2016 to September 2016 for irregular trades, which it suspects were done on the basis of insider information, reports said.

Aptech slipped around 4.5 per cent in early trade on Tuesday, after reports suggested Rakesh Jhunjhunwala, the billionaire stock market investor, is being probed by the market regulator Securities and Exchange Board of India (Sebi) in case of alleged insider trading in shares of the education firm. According to the latest shareholding pattern, Jhunjunwala along with his wife Rekha, own 24.24 per cent stake in the company. CLICK TO VIEW SHAREHOLDING PATTERN

After a knee-jerk reaction, the stock recovered partially and was trading 2.5 per cent lower at Rs 169 apiece at 09:37 am. The cunter hit