MUMBAI: Sebi on Friday banned former MD of Tata Finance Dilip S Pendse, his wife Anuradha Pendse and others from engaging in the market for five years in an insider trading case.
"Sebi ... has restrained D S Pendse, Anuradha Pendse, Nalini Properties, Anjali Beke from accessing the securities market and also prohibited them from buying, selling or otherwise associating with the securities market in any manner whatsoever, for a period of five years", Sebi said.
Sebi has found Pendse and others guilty of trading in shares of Tata Finance on the "basis of ...unpublished price sensitive information".
Indian Emerging Company Investment, which was also probed in the same case, was let off with a warning "to be careful and not indulge in transactions which may be in violation of law, in future."
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