Sebi imposes Rs 5 lakh fine on Edelweiss Financial's compliance officer

Renganathan was the compliance officer and company secretary of EFSL during the investigation period, according to the Sebi order.

Markets regulator Sebi on Thursday imposed a penalty of Rs 5 lakh on Edelweiss Financial Services' compliance officer B Renganathan for failing to close the trading window during the existence of the unpublished price-sensitive information.

Sebi, upon receipt of the examination report from the National Stock Exchange (NSE), conducted investigation in the dealings in the scrip of Edelweiss Financial Services Ltd (EFSL) to examine the possible violations of the PIT (Prohibition of Insider Trading) Regulations for the period between January 2017 and April 2017.

Renganathan was the compliance officer and company secretary of EFSL during the investigation period, according to