The Securities and Exchange Board of India (SEBI) will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday.
A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups.
"We will certainly investigate the issue. It is a work in progress," Tyagi, Chairman of SEBI, India`s market regulator, told Reuters, when asked what action the regulator was considering.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)