Bharti Airtel promoter pays Rs 2.17 L to settle case with SEBI
Wednesday, April 5, 2017, 6:01 PM
Bharti Airtel's promoter firm Indian Continent Investment has settled an alleged insider trading case after paying Rs.2.17 lakh towards settlement charges to regulator SEBI. Indian Continent Investment had acquired 26,58,60,986 shares constituting 7% stake in the company during July-2007 to December-2010. As a result, Indian Continent Investment's shareholding in Bharti Aitel crossed 5% on April-29-2008, requiring it to make necessary disclosures under PIT Regulations.