Two entities pay Rs 63 lakh to settle Varun Beverages insider trading case with Sebi
The applicants paid a total amount of Rs 63 lakh, which comprised Rs 45.5 lakh as settlement amount, Rs 11.43 lakh as disgorgement amount and Rs 5.93 lakh as interest."Pending enforcement proceedings for the alleged defaults ...are settled qua the applicants (Fenton and Singhania)," the Securities and Exchange Board of India (Sebi) said in its order.