Ace investor Rakesh Jhunjhunwala has settled a case with market regulator SEBI after paying ₹2.48 lakh towards settlement charges.
The regulator had initiated adjudication proceedings against Jhunjhunwala in 2017 for alleged violation of PIT (Prohibition of Insider Trading) Regulations in the matter of Geometric, now part of HCL Technologies.
The “settlement order disposes of the adjudication proceedings initiated against the applicant, viz, Rakesh Jhunjhunwala,” Securities and Exchange Board of India said in an order dated Friday. PTI