Infosys Resolves SEBI Insider Trading Charges With 25 lakh fine

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Infosys CEO Salil Parekh settles insider trading charges, agreeing to pay a fine of INR 25 Lakh (~$30,000).

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The settlement was accepted by SEBI's Panel of Whole Time Members, and payment was confirmed on June 7, 2024.

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The charges relate to violations between June 2020 and September 2021, where Infosys failed to classify certain information as Unpublished Price Sensitive Information (UPSI).

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The case involves Infosys' partnership with Vanguard in 2020, with the partnership's strategic importance deemed UPSI.

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Infosys Settles Insider Trading Charges with SEBI, To Pay INR 25 Lakh Fine

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