On Thursday, the Market regulator SEBI has charged A. Vellayan the chairman of Murugappa group and three other persons of insider trading.
In an order, the Securities and Exchange Board of India said, Vellayan also the chairman of Coromandel International seemed to have passed on unpublished price sensitive information (UPSI) to other persons in the matter of acquiring Sabero Organic Gujarat.
The other persons that are charged by SEBI for insider trading are Gopalakrishnan C, V.Karuppiah and A.R. Murugappan.
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