Sebi penalises one person found guilty in Bata India WhatsApp leak case

WhatsApp chats extracted from the seized devices were examined further and while examining the chats, it was found that earnings data and other financial information of around 12 companies were leaked

Markets regulator Sebi has penalised one person after finding her guilty of releasing unpublished price sensitive information related to financial results of Bata India Ltd through WhatsApp messages prior to official announcement by the company.

In an order, the regulator levied a fine of Rs 15 lakh on Shruti Vishal Vora, who works with Antique Stock Broking Ltd.

Earlier, the regulator had penalised Vora for releasing unpublished price sensitive information (UPSI) related to financial results of Bajaj Auto, Ambuja Cement, Wipro, Mindtree and Asian Paints through WhatsApp messages.

Some news reports had referred to the circulation of UPSI in various private WhatsApp groups