Securities and Exchange Board of India (SEBI) has reportedly disposed of proceedings against four entities including Bharti Telecom Ltd and Sunil Bharti Mittal, in a matter related to alleged violation of insider trading norms while dealing in Bharti Airtel’s scrip.
Earlier SEBI had conducted an investigation in a matter relating to the trading of certain entities in the scrip of Bharti Airtel Ltd to ascertain alleged violation of the Prohibition of Insider Trading (PIT) norms.
During the period of investigation, Sunil Bharti Mittal was chairman of Bharti Airtel, Gopal Vittal was its director, Rohit Krishan Pal was the compliance officer and Bharti Telecom was the promoter.
