PVR case: Sebi penalises 3 individuals for violating insider trading norms ...Middle East

Business Standard - Economy
Capital markets regulator Sebi has imposed fines totalling Rs 6 lakh on three individuals for violating the insider trading norms in the shares of PVR Ltd. The individuals - - Gautam Dutta (Noticee 1), NC Gupta (Noticee 2) and Pramod Arora (Noticee 3) -- were the designated persons/ employees of the company and are collectively referred to as noticees', Sebi said in an order on Friday. The order came after Sebi initiated adjudication proceedings against Dutta, Gupta and Arora while dealing in the shares of PVR allegedly in violation of PIT (Prohibition of Insider Trading) rules for the period April 2014 to March 2017. The regulator found that Dutta had conducted contra trades during the trad

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