Infosys and its CEO, Salil Parekh, have settled with the Securities and Exchange Board of India (Sebi) over allegations of insider trading related to a partnership announcement with Vanguard in July 2020. Sebi found that Infosys failed to treat the partnership as unpublished price sensitive information (UPSI), as required under regulations. Infosys agreed to pay a Rs 25 lakh fine under a consent settlement plea, which allows resolution without admitting guilt. The company has implemented new practices and policies for identifying and handling UPSI, which were approved by its audit committee and board.
Infosys Settles Insider Trading Allegations with Sebi, Pays Rs 25 Lakh Fine
![](https://affairsace-media.s3.ap-south-1.amazonaws.com/2024/06/28084313/1713500617-9873-ezgif.com-avif-to-jpg-converter.jpg)