PB Fintech CEO Settles Insider Trading Case with Sebi
Yashish Dahiya, CEO of PB Fintech, has settled an insider trading case with Sebi, paying Rs 9.42 lakh to resolve the allegations. The case involved PB Fintech acquiring shares of YKNP Marketing Management, which Sebi alleged violated insider trading rules.
Photograph: Francis Mascarenhas/Reuters
New Delhi, Mar 4 (PTI) PB Fintech chairperson and CEO Yashish Dahiya on Tuesday settled a case with markets regulator Sebi over alleged violation of insider trading rules on payment of Rs 9.42 lakh.
The order came after Dahiya filed an application with Sebi proposing to settle the instant proceedings initiated against him, "without admitting or denying the facts and conclusions of law", under the settlement rules.
Consequently, he remitted Rs 9.42 lakh as settlement amount.
"In view of the acceptance of the settlement terms and the receipt of settlement amount as above by Sebi, the adjudication proceedings initiated against applicant vide SCN (show cause notice) dated April 5, 2024 is disposed of in terms of ... the Settlement Regulations," the regulator said in its order.
In the SCN, Sebi alleged that the applicant failed to identify acquisition of 26.72 per cent shares of YKNP Marketing Management by PB Fintech Ltd (PBFL).
It was further alleged that PBFL, through its subsidiary PB Fintech FZ-LLC, had access to unpublished price-sensitive information in violation of Sebi's PIT (Prohibition of Insider Trading) Regulations, leading to accusations of insider trading.
The order came after Dahiya filed an application with Sebi proposing to settle the instant proceedings initiated against him, "without admitting or denying the facts and conclusions of law", under the settlement rules.
Consequently, he remitted Rs 9.42 lakh as settlement amount.
"In view of the acceptance of the settlement terms and the receipt of settlement amount as above by Sebi, the adjudication proceedings initiated against applicant vide SCN (show cause notice) dated April 5, 2024 is disposed of in terms of ... the Settlement Regulations," the regulator said in its order.
In the SCN, Sebi alleged that the applicant failed to identify acquisition of 26.72 per cent shares of YKNP Marketing Management by PB Fintech Ltd (PBFL).
It was further alleged that PBFL, through its subsidiary PB Fintech FZ-LLC, had access to unpublished price-sensitive information in violation of Sebi's PIT (Prohibition of Insider Trading) Regulations, leading to accusations of insider trading.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- KBC Global
- 0.58 ( -9.38)
- 75496759
- Enbee Trade & Fi
- 0.94 (+ 4.44)
- 51176636
- Vodafone Idea L
- 6.56 ( -0.76)
- 38744095
- Pradhin
- 0.37 (+ 8.82)
- 37543784
- Sunshine Capital
- 0.37 (+ 2.78)
- 28170643
MORE NEWS
© 2025 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback