According to the SEBI, front-running was being done by Dagli and eight entities for more than three years and during this period, all of them collectively earned illegal profits of Rs 21.16 crore.
The market regulator banned Dagli and the eight entities from the stock market and seized the unlawful gains.
The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action.
This story is from the December 23, 2024 edition of The Statesman.
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This story is from the December 23, 2024 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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