Sebi has imposed a penalty of Rs 1 lakh each on two designated persons of Jindal Steel & Power Ltd for trading in the company’s shares and stock options during the trading-window closure period and for executing trades without pre-clearance.
The order was passed against Ramakant Gupta and Manish Kumar Sowatia in a matter related to trading in the scrip of Jindal Steel & Power. Both were designated persons of the company under its code of conduct framed under insider trading regulations.