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SEBI Probing Rakesh Jhunjhunwala and His Family Members, in a Case of Alleged Insider-Trading in the Shares of Aptech

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 31, 2020 7:36 AM 1 min read

SEBI probes Rakesh Jhunjhunwala for alleged insider-trading.



SEBI probes Rakesh Jhunjhunwala for alleged insider-trading.

Insider Edge: Markets regulator SEBI is probing billionaire investor Rakesh Jhunjhunwala and his family members, in a case of alleged insider-trading in the shares of Aptech, an education firm owned by him and his family.


In 2005, Jhunjhunwala had first picked up a 10% stake in Aptech at ₹56 per share. He gradually raised his holding. On September 7th, 2016, shares of Aptech hit the upper circuit at ₹175.05 after the investor’s brother and wife bought 763,057 shares in the IT firm through block deals. Hindu BusinessLine


Extra Crunch: This Livemint report tracks how SEBI fares in cracking down on insider trading cases, what it looks for when investigating these cases and how regulations evolved in the past.


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