Poging GOUD - Vrij
What the rule book says on insider trading
Business Standard
|March 28, 2025
The Securities and Exchange Board of India (Sebi) is probing five senior officials of IndusInd Bank for potential violations of insider-trading rules, according to a media report.
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The report, citing sources, states that the regulator is probing if the senior officials were in possession of unpublished price-sensitive information (UPIS) when they sold shares of the company in the open market.
The market regulator has sought information about the trades executed by the senior officials, according to the report. According to stock exchange disclosures, between May 2023 and June 2024, IndusInd Chief Executive Officer (CEO) Sumant Kathpalia sold nearly 950,000 shares valued at ₹134 crore while Deputy CEO Arun Khurana sold 550,000 shares worth ₹82 crore. These stocks were part of their employee stock option plans.
Dit verhaal komt uit de March 28, 2025-editie van Business Standard.
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