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SEBI to investigate possible leak of company earnings
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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.
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