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SEBI slaps Rs 1 cr penalty on Aptech for violating insider trading rules

SEBI slaps Rs 1 cr penalty on Aptech for violating insider trading rules An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016 PTI | April 28, 2021 | Updated 22:22 IST Aptech had made an announcement on September 7, 2016 saying that it has forayed into the pre-school segment Sebi on Wednesday slapped a fine of Rs 1 crore on Aptech Ltd for violating insider trading norms back in 2016. An investigation was conducted by the regulator to ascertain whether there was any disclosure lapses and violation of PIT (Prohibition of Insider Trading) norms by Aptech during the period from August to September 2016.

Sebi issues notice to Fortis subsidiary in funds diversion case

Sebi issues notice to Fortis subsidiary in funds diversion case Fortis Healthcare confirmed that this notice was received on Friday The Securities and Exchange Board of India (Sebi) has issued a notice to Escorts Heart Institute and Research Center Ltd a Fortis Healthcare subsidiary in a case arising from the allegations of fund diversion by the erstwhile promoters. “Sebi has issued a notice under Rule 4 of Sebi (Procedure for holding inquiry and imposing penalties) Rules, 1995 read with Section 15-I of Sebi Act, 1992 in the matter of Fortis Healthcare Ltd to, among others, Escorts Heart Institute and Research Center Ltd (EHIRCL),” Fortis Healthcare said in a regulatory filing on Friday. Fortis Healthcare added that this notice was received on Friday.

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