Subscribe To Our Free Newsletter |
Sebi dispose of matter against 4 people in alleged WhatsApp leak case
In the high-profile WhatsApp case, Sebi has dismissed
insider trading charges against individuals, who circulated alleged unpublished price-sensitive information about the financial results of certain companies, including TCS and Ultratech Cement.
Those individuals are -- Shailendra Mehta, Aditya Omprakash Gaggar, Shruti Vishal Vora and Neeraj Kumar Agarwal, the Securities and Exchange Board of India (Sebi) said in five separate orders.
The latest orders came after the Securities Appellate Tribunal (SAT) had set aside Sebi's insider trading charges against certain individuals in the WhatsApp leak case in March 2021 and the same was upheld by the Supreme Court on September 26 this year.
The case pertains to the circulation of Unpublished Price Sensitive Information (UPSI) in various private WhatsApp groups about five companies -- Tata Consultancy Services (TCS), Ultratech Cement, Bata India, Tata Chemicals and Mindtree -- ahead of their official announcements to the stock exchanges.