Rakesh Jhunjhunwala settles insider trading case

Adjudication proceedings were started in 2017 for alleged violation of PIT in case of Geometric Ltd.

By ET Bureau | Dec 01, 2018, 09.33 AM IST

NEW DELHI: Ace investor Rakesh Jhunjhunwala has settled a case with market regulator Sebi after paying Rs 2.48 lakh towards settlement charges.

Sebi had initiated adjudication proceedings against Jhunjhunwala in 2017 for alleged violation of PIT (Prohibition of Insider Trading norms) in the matter of Geometric Ltd, now part of HCL Tech.

Under settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

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