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Rakesh Jhunjhunwala, wife settle Aptech insider trading case with Sebi

Ten individuals pay a total of Rs 37 cr towards settling the case

Topics
Rakesh Jhunjhunwala | Aptech | Insider Trading

Samie Modak  |  Mumbai 



Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala
The case was settled under the so-called consent route, where an alleged wrongdoer can close a pending matter with market regulator Securities and Exchange Board of India (Sebi) without admitting or denying the charges leveled against them.

Billionaire investor Rakesh Jhunjhunwala, wife Rekha Jhunjhunwala and eight others have settled a case pertaining to alleged in shares of by agreeing to pay more than Rs 37 crore. This is the combined amount paid by ten individuals and includes settlement charges, disgorgement of ill-gotten gains and interest charges.

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First Published: Wed, July 14 2021. 20:48 IST

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