Indiabulls Real Estate’s CFO fined Rs 10 lakh by SEBI for insider trading

New Delhi: Indiabulls Real Estate’s CFO has been penalised Rs 10 lakh by Secutities and Exchange Board of India (SEBI) on charges of insider trading.

Indiabulls Real Estate’s CFO Anil Mittal has be fined by SEBI after the capital market regulator investigated the trading activities in the scrip of the realty firm in January-June period of 2017.

SEBI found out that Mittal had been trading in the scrip while being in possession of sensitive information in relation to the sale of shares by the realty firm’s promoter entity-IBREL IBL Scheme Trust. 

 

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