Capital markets regulator Sebi on Thursday levied fines totalling Rs 10.25 lakh on nine individuals for violation of insider trading norms in the shares of Titan Company Ltd.

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The regulator slapped a fine of Rs 1.25 lakh each on Avinash Lohar, Bellan Sathish, Govind Narayan Gupta, Rajendiran C, Raj Aryan and Rs 1 lakh each on Raman Udhayakumar, Sundar Thiyagarajan, Sanjay Kumar Singhal and Chandra Mohan Singh.

The transactions were carried out by the designated persons/ employees of Titan Co Ltd (TCL) between April 2018 to March 2019.

The order came after Sebi received a letter from TCL wherein the company intimated to the market regulator about contravention of PIT (Prohibition of Insider Trading) norms and the company's code of conduct by some of its designated persons/employees.

Thereafter, Sebi conducted an investigation in the scrip of TCL and observed several non-compliances with PIT regulations during the period April 2018 to March 2019.

During their employment, they had transacted in the shares of the firm but failed to make disclosures to the company under the insider trading norms, as per the Securities and Exchange Board of India (Sebi).

The disclosure was mandatory as the transactions had exceeded the market value of Rs 10 lakh.

Meanwhile, in a separate order, Sebi imposed a fine of Rs 5 lakh on an individual in a case pertaining to the fraudulent issuance of Global Depository Receipts in the matter of Nakoda Ltd.

In another order, the regulator slapped a fine of Rs 4 lakh on four entities for violating regulatory norms in the matter of Global Infratech Ltd.