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Aptech insider trading case: Rakesh jhunjhunwala files consent appeal with SEBI
SEBI had issued show-cause notices to Jhunjhunwala and Aptech s board members, querying why action should not be taken against them for security law infringements
BusinessToday.In | February 6, 2021 | Updated 12:35 IST
Jhunjhunwala and his family own a 49% stake in Aptech Ltd
Ace investor Rakesh Jhunjhunwala has filed a consent appeal with the SEBI (Securities and Exchange Board of India) to settle an alleged insider trading case concerning the shares of education company Aptech Ltd. The case dates back to 2016.
Besides, the billionaire investor, Aptech board members Madhu Jayakumar, Utpal Sheth, and Ramesh S Damani have also filed consent applications with the markets regulator, the Economic Times reported.