 "Sebi")
Markets regulator Sebi on Wednesday said it has settled an alleged insider trading case with Manappuram Finance Ltd (MFL) and five individuals after they paid Rs 5.25 crore towards settlement charges.
The matter relates to the company and some individuals communicating Unpublished Price Sensitive Information (UPSI) to market participants before disclosing the same to the stock exchanges in March 2013.
In six separate orders on Wednesday, Sebi said the company and the five individuals have settled the proceedings.
MFL paid a settlement amount of Rs 2.01 crore while I Unnikrishnan, who was the Executive Director and Deputy CEO of the company, paid little
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