 "Sebi")
Capital markets regulator Sebi on Monday ordered to impounding of over Rs 3.83 crore from Dynamatic Technologies Managing Director and CEO Udayant Malhoutra in an insider trading case.
"A sum of Rs 3,83,16,230.73, being the notional loss avoided on account of trades carried out during the UPSI period, shall be impounded from Udayant Malhoutra with immediate effect,'' Sebi said in an order.
The watchdog had conducted an investigation into possible insider trading in the shares of Dynamatic Technologies Ltd (DTL) during the period from August-November 2016.
During the probe, the regulator found that Malhoutra, being the CEO and Managing Director
