Infosys CEO Parekh settles case with Sebi over 2020 insider trading violations, agreeing to pay Rs 25 lakh ($30,000).
Infosys CEO Salil Parekh has settled a case with markets regulator Sebi over alleged insider trading violations, agreeing to pay Rs 25 lakh ($30,000). The case involved a partnership between Infosys and US asset manager Vanguard in 2020, where Infosys failed to classify certain information as unpublished price-sensitive information (UPSI) under Sebi's insider trading rules. Parekh proposed the settlement without admitting or denying the charges, and Sebi has accepted the settlement terms, concluding the proceedings.
June 27, 2024
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