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Manappuram Finance Settles Insider Trading Case With Sebi

Manappuram Finance Settles Insider Trading Case With Sebi
New Delhi:

Markets regulator Sebi on Wednesday said it has settled an alleged insider trading case with Manappuram Finance and five individuals after they paid Rs 5.25 crore towards settlement charges.

The matter relates to the company and some individuals communicating unpublished price sensitive information (UPSI) to market participants before disclosing the same to the stock exchanges in March 2013.