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SEBI orders footwear maker Bata to probe suspected results leak

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Securities and Exchange Board of India (SEBI) ordered Bata India Ltd on Monday to carry out an internal probe into the suspected leak of unpublished financial data and asked the footwear maker to strengthen its handling of such data. The direction from SEBI widens an ongoing investigation after a Reuters report late last year showed prescient messages about financial results of companies were shared in private WhatsApp chatrooms before their official release.Reuters identified 12 such instances relating to as many companies, with HDFC Bank and Axis Bank among the firms ...

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First Published: Mon, March 12 2018. 22:22 IST