BENGALURU (Reuters) – India’s No.2 IT services exporter Infosys’ CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday.
Parekh agreed to pay 2.5 million rupees (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said. ($1 = 83.5070 Indian rupees)
(Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D’Souza)
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