198 India News
No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • NEWS
    • INDIA USA TRADE NEWS
    • INDIA AFRICA NEWS
    • INDIA EU NEWS
    • INDIA GULF NATIONS NEWS
    • INDIA RUSSIA NEWS
    • INDIA NIGERIA NEWS
    • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
    • EDUCATION
    • VENTURE CAPITAL
    • JOINT VENTURE
    • INDIA UNIVERSITIES
    • 198INDIA MEDIA TRAINING
    • INDIA FUNDING OPPORTUNITIES
    • INDIA GOVERNMENT ASSISTANCE
    • INDIA PARTNERSHIP OPPORTUNITIES
    • INDIA UNTAPPED OPPORTUNITIES
    • INDIA MANUFACTURERS
    • 198TILG INDIA CEO
    • INDIA BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT US
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • NEWS
    • INDIA USA TRADE NEWS
    • INDIA AFRICA NEWS
    • INDIA EU NEWS
    • INDIA GULF NATIONS NEWS
    • INDIA RUSSIA NEWS
    • INDIA NIGERIA NEWS
    • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
    • EDUCATION
    • VENTURE CAPITAL
    • JOINT VENTURE
    • INDIA UNIVERSITIES
    • 198INDIA MEDIA TRAINING
    • INDIA FUNDING OPPORTUNITIES
    • INDIA GOVERNMENT ASSISTANCE
    • INDIA PARTNERSHIP OPPORTUNITIES
    • INDIA UNTAPPED OPPORTUNITIES
    • INDIA MANUFACTURERS
    • 198TILG INDIA CEO
    • INDIA BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT US
No Result
View All Result
198 India News
No Result
View All Result
Home INDIA USA TRADE NEWS

sebi: Sebi bars 15 entities and individuals in ZEEL insider trading case

by Gias
August 12, 2021
2 min read
0


RELATED POSTS

jamie dornan: Dakota Johnson breaks silence on secret feud with Fifty Shades Co-Star Jamie Dornan; here’s what she said

Mahindra Logistics share price: This logistics stock is down over 43% from recent high! Should you buy the dip?

Xi Jinping: Hong Kong on high alert as Xi Jinping visit expected for handover

Mumbai: The Securities and Alternate Board of India(Sebi) has barred 15 entities and people, together with some high executives of overseas and home broking homes like UBS India and Edelweiss Securities, for allegedly indulging in insider buying and selling within the shares of in August, 2020.

The regulator has additionally impounded the alleged ill-gotten good points of Rs 23.84 crores from these entities and people.

Sebi’s surveillance alert system detected a suspicious buying and selling sample within the shares of Zee across the announcement of the outcomes for the quarter ended June 30, 2020, based on the regulator’s interim order on Thursday. The outcomes have been declared put up buying and selling hours on August 18, 2020. The corporate had reported a pointy enhance in earnings which resulted in a 13 per cent enhance within the share value on August 19,2020.

In keeping with Sebi’s interim order, an evaluation of the alerts generated revealed {that a} group of linked entities had taken a protracted place within the shares within the money and derivatives segments. Publish announcement, these entities had squared off the lengthy positions and generated earnings.

The regulator’s examination based mostly on social media, name information data and financial institution assertion evaluation revealed that Bijal Shah, head of the monetary planning and evaluation, technique and investor relations at Zee, had allegedly handed on inside info to Gopal Ritolia, director, UBS India and Jatin Chawla, former director, Credit score Suisse.

Sebi alleged that each the people whereas in possession of unpublished value delicate info(UPSI) took substantial lengthy positions in ZEE shares, ranging from August 11, 2020, earlier than the announcement of the monetary outcomes, within the buying and selling accounts of their moms.

Sebi stated Chawla had additionally handed on the data to Amit Jajoo of Edelweiss Securities. Jajoo, in flip, had handed on the UPSI to his cousin Manish Jajoo, a supplier at Edelweiss Securities in Surat. Each of them additionally took substantial lengthy positions in ZEE shares, utilizing the buying and selling accounts of seven members of the family, the interim order stated.

Buy JNews
ADVERTISEMENT

The regulator stated all these entities had a major focus within the shares of Zee solely across the announcement as in comparison with the sooner durations. That they had used the buying and selling accounts of their members of the family to keep away from regulatory detection.

“It was additionally noticed that Gopal Ritolia and Jatin Chawla via the buying and selling accounts of their respective moms had taken important positions within the scrip of ZEEL earlier than the announcement of different price-sensitive bulletins (viz. monetary outcomes for Q2 FY 2020, Q2 FY 2021 and the launch of the Cinema to Residence service, ZEE Plex),” Sebi whole-time member Madhabi Puri Buch stated in her order on Thursday.

Sebi stated each Ritolia and Chawla have been batch mates at IIM, Lucknow. Zee’s Shah, Ritolia and Chawla knew one another for greater than 15 years, having labored at IIFL Securities and different brokerages up to now.



Source link

Tags: barscaseentitiesindividualsinsidersebitradingZEEL
ShareTweet
Previous Post

'Sanction Pakistan' Chorus: Will The World Act Against Pakistan?| India First

Next Post

ENG vs IND 2nd Test: KL Rahul, Rohit Sharma shine to put India in driver’s seat on Day 1

Related Posts

INDIA USA TRADE NEWS

jamie dornan: Dakota Johnson breaks silence on secret feud with Fifty Shades Co-Star Jamie Dornan; here’s what she said

June 30, 2022
INDIA USA TRADE NEWS

Mahindra Logistics share price: This logistics stock is down over 43% from recent high! Should you buy the dip?

June 30, 2022
INDIA USA TRADE NEWS

Xi Jinping: Hong Kong on high alert as Xi Jinping visit expected for handover

June 30, 2022
INDIA USA TRADE NEWS

S&P 500: S&P 500 limps to slightly lower close as quarter-end looms

June 30, 2022
INDIA USA TRADE NEWS

trump: Trump wanted to join Capitol riot, tried to grab limo steering wheel: Aide

June 29, 2022
INDIA USA TRADE NEWS

smallcap world fund: Smallcap World Fund offloads Hikal Ltd shares worth Rs 62 crore

June 29, 2022
Next Post

ENG vs IND 2nd Test: KL Rahul, Rohit Sharma shine to put India in driver's seat on Day 1

Orders issued to prevent violence against doctors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Recent Posts

  • GST: Five years stronger | The Indian Express
  • Horrifying details emerge as girl, 13, dies after being ‘gang-raped by four men while her sister egged them on’
  • GM is training more first responders for EV emergencies in the US and Canada
  • After three consecutive months of fall, consumer sentiments recover slightly in June, Auto News, ET Auto
  • James Anderson Included In England Playing XI For Edgbaston Test, Here’s Why India Should Be Worried
  • Road 1 bus lane from Sha’ar Hagai to launch Million Plan
  • Raj Thackeray’s Jibe After Uddhav Quits as Maharashtra CM
  • Defence of sovereignty can never be outsourced
  • Monkeypox virus identified in more than 50 new countries, trend ‘likely to continue’, warns WHO | World News
  • jamie dornan: Dakota Johnson breaks silence on secret feud with Fifty Shades Co-Star Jamie Dornan; here’s what she said
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2021 198 India News.
All Rights Reserved.

No Result
View All Result
  • HOME
  • VIDEOS
  • BUSINESS
  • INDIA NEWS
  • INDIA USA TRADE NEWS
  • INDIA AFRICA NEWS
  • INDIA EU NEWS
  • INDIA GULF NATIONS NEWS
  • INDIA RUSSIA NEWS
  • INDIA NIGERIA NEWS
  • INDIA UK NEWS
  • POLITICAL
  • IMMIGRATION
  • TECHNOLOGY
  • EDUCATION
  • VENTURE CAPITAL
  • INDIA JOINT VENTURE NEWS
  • INDIA UNIVERSITIES
  • 198INDIA MEDIA TRAINING
  • INDIA MANUFACTURERS
  • INDIA BUSINESS HELP
  • 198TILG INDIA CEO
  • INDIA FUNDING OPPORTUNITIES
  • INDIA PARTNERSHIP OPPORTUNITIES
  • INDIA GOVERNMENT ASSISTANCE
  • INDIA UNTAPPED OPPORTUNITIES
  • ASK IKE LEMUWA
  • CONTACT US

Copyright © 2021 198 India News.
All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In