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Which of the following has imposed a penalty of over Rs 22 crore on Aurobindo Pharma and its promoters for violating insider trading norms?

Which of the following has imposed a penalty of over Rs 22 crore on Aurobindo Pharma and its promoters for violating insider trading norms? Correct Answer SEBI

  • SEBI has imposed a penalty of over Rs 22 crore on Aurobindo Pharma and its promoters.
  • They have been penalised for violating insider trading norms.
  • The regulator had conducted an investigation into the trading in the scrip of Aurobindo Pharma Ltd.
  • SEBI found that these entities purchased shares while in possession of the UPSI pertaining to Aurobindo, and made unlawful gains.

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