{"id":47528,"date":"2022-06-09T17:43:00","date_gmt":"2022-06-09T12:13:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=47528"},"modified":"2022-06-09T17:38:27","modified_gmt":"2022-06-09T12:08:27","slug":"biz-sebi-insider-trading-4","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sebi-insider-trading-4\/","title":{"rendered":"Sebi bans person from capital mkts, imposes fine in NIIT Technologies insider trading case"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4113249855\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1024088958\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Apart from these, the regulator has directed the person &#8212; Arvind Mehrotra &#8212; to disgorge loss avoided to the tune of Rs 1.03 lakh, along with interest, according to an order passed by Sebi.<\/p>\n<p>The markets watchdog, in its order, noted that Mehrotra, who was the business Head of Asia &amp; Australia with the title as President- Infrastructure Management Services (IMS) of the company, had traded in the shares of the firm while in possession of the unpublished price sensitive information (UPSI) related to the dispute between the company\u2019s subsidiary and its client in the APAC region.<\/p>\n<p>&#8220;Further, while in possession of the relevant UPSI, the Noticee no. 3 (Mehrotra) has traded and executed the sale of 2,500 shares of the Company on January 5, 2015 (1,000 shares) and February 24, 2015 (1,500 shares),&#8221; Sebi noted.<\/p><div class=\"trade-content_5\" id=\"trade-3839649735\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Also, Mehrotra applied for pre-clearance of trades in the scrip of the company claiming falsely that he was not in possession of UPSI even though he was in possession of UPSI.<\/p>\n<p>Further, he failed to disclose the details of selling 2,000 shares of NIIT for a sum of more than Rs 5 lakh in November 2014 to the company and the stock exchanges.<\/p>\n<p>Through such acts, Mehrotra has violated the provisions of insider trading rules and the model code of conduct prescribed for the prevention of insider trading rules, the Sebi noted. PTI SP BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-268651073\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies. Apart from these, the regulator has directed the person &#8212; Arvind Mehrotra &#8212; to disgorge loss avoided to [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31,1789],"tags":[],"class_list":["post-47528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sebi bans person from capital mkts, imposes fine in NIIT Technologies insider trading case - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sebi-insider-trading-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sebi bans person from capital mkts, imposes fine in NIIT Technologies insider trading case\" \/>\n<meta property=\"og:description\" content=\"Sebi on Thursday barred one person from the capital markets for six months and imposed a penalty of Rs 12 lakh on him for indulging in insider trading in the shares of IT solutions company NIIT Technologies. 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