The violations of insider buying and selling norms occurred in 2017.
Investigation within the scrip of Videocon was carried out between April-September 2017.
The knowledge with respect to classification of Videocon’s mortgage account as NPA by Dena Financial institution was more likely to materially have an effect on the value of Videocon Industries and it was thought of as UPSI.
The interval of UPSI was March 1, 2017 to Might 9, 2017.
The 2 promoter entities had both pledged their shares or transferred their shares of Videocon Industries to different entities throughout UPSI interval. The authorised consultant, Venugopal Dhoot was an insider and traded on behalf of the 2 promoter firms who have been additionally insiders in the course of the UPSI interval.
For violation of market norms, they’re going through a superb of Rs 25 lakh every.