Sebi penalises 4 individuals for violations in Mindtree share trades

Capital markets regulator Sebi on Monday imposed fines totalling Rs 4 lakh on four individuals for violation of insider trading norms in the shares of Mindtree Ltd during the January-March 2019 period when they were designated employees.

The regulator has imposed a fine of Rs 1 lakh each on R N Shankar Prasad, Vinay Kumar Sutrave, Ravikumar Kavitha and Gangadharan Sivasankar, according to four separate orders.

The orders came following a Sebi investigation after it was intimated about alleged violations of prohibition of insider trading norms by some of the company’s designated persons/employees.