Market regulator SEBI has disposed of a show cause notice (SCN) issued against the promoter and director of Havells India Ltd (HIL) along with his family members for allegedly violating the provisions of the prohibition of insider trading (PIT) regulations. SEBI says the trading patterns of Surjit Kumar Gupta, promoter and director of HIL, Ajay Kumar Gupta, son-in-law of Surjit Gupta and Sadhu Ram Gupta, father of Ajay Gupta (noticees) do not seem to be unusual to qualify as being influenced by unpublished price sensitive information (UPSI).
Market regulator SEBI has disposed of a show cause notice (SCN) issued against the promoter and director of Havells India Ltd (HIL) along with his family members for allegedly violating the provisions of the prohibition of insider trading (PIT) regulations. SEBI says the trading patterns of Surjit Kumar Gupta, promoter and director of HIL, Ajay Kumar Gupta, son-in-law of Surjit Gupta and Sadhu Ram Gupta, father of Ajay Gupta (noticees) do not seem to be unusual to qualify as being influenced by unpublished price sensitive information (UPSI).