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between Infosys and US asset manager Vanguard in 2020, where Infosys failed to classify certain information as unpublished price-sensitive information (UPSI) under Sebi's insider trading rules.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.