News From Press Sebi seeks Zee trade details from Nippon Life AMC

Sebi seeks Zee trade details from Nippon Life AMC

A person with direct knowledge of the matter said that the capital markets regulator has sought information from the fund house on all the trades of its employees in Zee shares on that day as well as its employees’ bank account details.

ET Jun 19, 2020

The Securities and Exchange Board of India (Sebi) is probing whether a few employees of Nippon Life Asset Management, India’s fifth largest mutual fund, traded in Zee Entertainment shares on the basis of insider information when it crashed on January 25, 2019.

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