Rakesh Jhunjhunwala settles insider trading case

INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Ace investor Rakesh Jhunjhunwala has settled a case with market regulator Sebi after paying Rs 2.48 lakh towards settlement
charges
Sebi had initiated adjudication proceedings against Jhunjhunwala in 2017 for alleged violation of PIT (Prohibition of Insider Trading
norms) in the matter of Geometric Ltd, now part of HCL Tech
Under settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.