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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.
The market regulator has found two employees of Infosys Ltd. guilty of violating its insider trading regulations. It has passed interim directions against Venkata Subramaniam, senior principal, corporate accounting group; and Pranshu Bhutra, senior corporate counsel at the company.
Read more about Sebi bans eight, including 2 company staff, for insider trading in Infosys on Business Standard. Illegal gains worth Rs 3.06 crore impounded