Insider Trading Penalty by SEBI:
While imposing a penalty of Rs32 lakh, market regulator SEBI directed Apex Frozen Foods Ltd (AFF)’s promoter, chairman, and managing director (CMD) Satyanarayana Murthy Karuturi, his wife and promoter Padmavathi and their son in law Ravi Kanth Sankuratri to disgorge Rs91.06 lakh earned illegally while in possession of unpublished price-sensitive information (UPSI). Does Market dicsounted the said matter…?
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