India Business News: Markets regulator Sebi has banned from the stock market two senior executives at software services major Infosys, for allegedly helping six entities t
Illegal trading gains of Rs 3.06 crore are to be impounded, Sebi said in its order. Besides the two Infosys executives mentioned above, the other individuals and entities barred are Amit Bhutra, Bharath C Jain, Manish Champalal, Ankush Bhutra, Capital One Partners and Tesora Capital.
Capital One and Tesora Capital had traded in the scrip of Infosys in the futures and options segment just prior to announcement of financial results for the quarter ended June 30, 2020, SEBI said.
Software major Infosys has said that it has initiated an internal investigation in the matter of insider trading in its scrip wherein SEBI has barred two of its employees among others.In a statement, the company said that on Tuesday, it was .