SEBI issued interim order against insider trading alerts for scrip of Infosys

In re Mr. Pranshu Bhutra (SEBI) Conclusion: Due to insider trading of the scrip of Infosys Limited (INFY),  SEBI issued the Interim Order in the matter of insider trading in shares of Infosys Limited in order to protect the interests of investors and the integrity of the securities market, in exercise of the powers conferred under Sections 11, 11(4), 11B (1) and 11D read with Section 19 of the SEBI Act. Held: Securities and Exchange Board of India (“SEBI”) alert system had generated insider trading alerts for the scrip of Infosys Limited (“INFY”) for the period around...