In the wake of a spurt in allegations of questionable activities by India Inc, capital market regulator Sebi, today gave a stern warning to corporates to be on the “right side” and not indulge in market manipulation and insider trading.

“Some corporates, who ideally should not have fallen into this category or this trap, we are discovering that due to lack of focus this (illegal activity) is happening…I’d like corporates in India to be on the right side of Sebi,” its new Chairman, U K Sinha, said during an address to the members of industry body, Assocham, here.

Corporates should definitely access the markets to grow, but should not come to the “adverse” notice of Sebi.

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