Business Standard

Sebi imposes a penalty of Rs 30 lakh on two persons in WhatsApp leak case

Some news reports had referred to the circulation of UPSI in various private WhatsApp groups about certain companies ahead of their official announcements to the respective stock exchanges

sebi
Premium

Sebi initiated a preliminary examination in the matter during which search and seizure operation for 26 entities of WhatsApp Group were conducted and about 190 devices, records, among others, were seized

Agencies Mumbai
Markets regulator Sebi on Wednesday imposed a penalty of Rs 30 lakh on two persons for circulating unpublished price sensitive information pertaining to quarterly results of Bajaj Auto through WhatsApp prior to official announcement by the company.

In an order, the regulator levied a fine of Rs 15 lakh each on Neeraj Kumar Agarwal and Shruti Vishal Vora.

Some news reports had referred to the circulation of Unpublished Price Sensitive Information (UPSI) in various private WhatsApp groups about certain companies ahead of their official announcements to the respective stock exchanges.

Against this backdrop, Sebi initiated a preliminary examination in the matter during which
Topics : Sebi

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 30 2020 | 1:00 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com