 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Rakesh Jhunjhunwala, the billionaire stock market investor, is under Securities and Exchange Board of India (Sebi) scanner for insider trading in education firm Aptech. Jhunjunwala and his family own majority stake in Aptech, reports The Economic Times.
According to Livemint, the market regulator is examining the time period of February 2016 to September 2016. "The regulator 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", Livemint reported.
Sebi is also investigating the role of other family members, as well as some board members, including investor
