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Rakesh Jhunjhunwala under SEBI scanner over insider trading in Aptech

SEBI is also examining the role of other Aptech board members, including Ramesh Damani and Madhu Jayakumar

January 28, 2020 / 04:40 PM IST

Billionaire investor Rakesh Jhunjhunwala is under the scanner of market regulator Securities and Exchange Board of India (SEBI) over alleged insider trading in Aptech shares.

SEBI is also examining the role of other Aptech board members, including Ramesh Damani and Madhu Jayakumar, The Economic Times reported.

Jhunjhunwala currently holds 24.24 percent stake in Aptech, which is valued around Rs 160 crore. It is the only company in his portfolio in which he has management control.

Jhunjhunwala, his wife Rekha, brother Rajeshkumar and mother-in-law Sushiladevi Gupta were called in for questioning on January 24, the report said.