Brief: India Markets Regulator Finds PC Jeweller Promoters Violated Insider Trading Rules

PC Jeweller

17/12/2019 13:36

Dec 17 (Reuters) - Securities and Exchange Board of India:
    * PC JEWELLER LTD PROMOTER PADAM CHAND GUPTA, BALRAM GARG
PRIMA
FACIE VIOLATED INSIDER TRADING RULES
    * FOUR OTHER PC JEWELLER INSIDERS ALSO PRIMA FACIE VIOLATED
INSIDER TRADING RULES
    * 61.8 MILLION RUPEES SHALL BE IMPOUNDED JOINTLY FROM PC
JEWELLER
INSIDERS SHIVANI GUPTA, SACHIN GUPTA, AMIT GARG
    * 21.3 MILLION RUPEES SHALL BE IMPOUNDED JOINTLY FROM PC
JEWELLER-RELATED ENTITY QUICK DEVELOPERS, AMIT GARG
    * PC JEWELLER PROMOTER GARG SHOULD EXPLAIN WHY AN ORDER
RESTRAINING HIM FROM SECURITIES MARKET MUST NOT BE PASSED

Source text: (http://bit.ly/34o3qlq)
Further company coverage:  PCJE.NS 

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