CEO of Infosys, Parekh, resolves insider trading charges with SEBI for ₹25 Lakh.
Overview of Settlement Infosys CEO Salil Parekh paid ₹25 lakh to SEBI to resolve insider trading allegations. Despite SEBI requirements, a significant commercial deal was not UPSI. Background of the Case In July 2020, Infosys and Vanguard delivered Cloud-based record-keeping technology, sparking discussion. SEBI defines large announcements as UPSI to prevent market and stock price…