Insider trading at Fortis Healthcare? Watchdog eyeing a scam
Market regulator Securities and Exchange Board of India (Sebi) is probing suspected insider trading by some institutional investors and other regulatory lapses at Fortis Healthcare amid a takeover battle and boardroom upheaval at the hospital chain, officials said.
Sebi had first begun the investigation in February following reports that financial irregularities emerged at Fortis. Image source: Reuters