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Business News›Markets›Stocks›News›Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine
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    Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine

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    Infosys settles insider trading charges with Sebi, agrees to pay Rs 25 lakh fine
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    Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.

    Salil ParekhPTI
    BENGALURU: India's No.2 IT services exporter Infosys' CEO Salil Parekh has settled charges of violating provisions of insider trading, the country's markets regulator said on Thursday.

    Parekh agreed to pay Rs 25 lakh (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said.


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