Insider Trading: Sebi says ex-CEO Sumant Kathpalia, others sold IndusInd Bank shares before derivative losses went public, bars them from trading
Capital markets regulator Sebi has passed an ex-parte interim order against five senior executives including former CEO Sumanth Kathpalia of IndusInd Bank in an insider trading case. The market regulator found that these individuals sold shares of the bank while in possession of unpublished price sensitive information (UPSI), avoiding losses worth nearly Rs 20 crore….