Sebi Suspects Insider Trading By Former Niskalp Chief

The Securities and Exchange Board of India (Sebi) is planning to probe the charges of insider trading against J E Talaulicar, chairman of Niskalp Investment & Trading, the erstwhile subsidiary of Tata Finance.

The move follows a complaint by Mumbai-based National Association of Small Investors (NISA) to the Sebi and the economic offences wing (EOW) of Mumbai Police.

The Tata group is investigating the deal allegedly entered into by the Niskalp chairman.