Trading Case - Business Outrank

Sebi has taken disciplinary action against five top executives of IndusInd Bank including former CEO Sumant Kathpalia and former deputy CEO Arun Khurana for insider trading. The regulator ordered them to pay back a total of ₹20 crore. The stock price dropped by 27.2% after IndusInd Bank revealed on March 10 that it had suffered significant derivative losses which reduced its net worth by 2.35% to ₹1,530 crore. The Sebi investigation revealed that these officials sold large volumes of shares during the period from September 12, 2023, to March 10, 2025 while being aware of unpublished price-sensitive information (UPSI) about derivative mismanagement. Despite this, they offloaded large volumes of shares. Khurana sold 348,500 shares for ₹53 crore, while Kathpalia sold 125,000 shares for ₹19.2 crore—both without pre-declared trading plans. Sebi concluded they avoided major losses by selling shares before the stock crash. The disgorgement amount was calculated by applying the 27.165% fall to the proceeds—₹14.4 crore for Khurana, ₹5.21 crore for Kathpalia, and smaller amounts for others. Sebi's firm stance reinforces its commitment to market transparency and fair play.

What's Hot

Paramount-Skydance Merger Approved Amid Trump Controversy and Media Shake-Up

IDFC First Bank Faces Short-Term Dip Despite Strong Long-Term Gains

India Gains Freer Access to UK Market in Landmark Trade Deal

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

The Connection Between Diet and Organic Skincare – Foods for Healthy Skin

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Trading Case

Sebi Slaps ₹20 Cr Disgorgement in IndusInd Insider Trading Case

Paramount-Skydance Merger Approved Amid Trump Controversy and Media Shake-Up

IDFC First Bank Faces Short-Term Dip Despite Strong Long-Term Gains

India Gains Freer Access to UK Market in Landmark Trade Deal

ITC Unveils ₹20,000 Crore Expansion Plan Amid Resilient Q1 Growth

Our Picks

Paramount-Skydance Merger Approved Amid Trump Controversy and Media Shake-Up

IDFC First Bank Faces Short-Term Dip Despite Strong Long-Term Gains

India Gains Freer Access to UK Market in Landmark Trade Deal

Most Popular

Paramount-Skydance Merger Approved Amid Trump Controversy and Media Shake-Up

Harvesting Hope: Rahul Gandhi’s Empathy in Action with Farmers before 2024 Elections

Is Modi Afraid? Congress Leader Accuses PM of Targeting Rahul Gandhi

Subscribe to Updates

What's Hot

Browsing: Trading Case