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SEBI SENDS NOTICES TO PWC AND EY EXECS OVER INSIDER TRADES IN 2022 YES BANK SHARE SALE

  • NEWS Desk Global
  • 12 minutes ago
  • 1 min read

Markets regulator Sebi is investigating instances of illegal gains using insider information in a share sale transaction for Yes Bank in July 2022. Officials from PwC, EY, Carlyle Group and Advent International have been sent notices by Sebi as the regulator's investigations in this matter is continuing, a Reuters story said.

The Sebi notice said that executives at PwC and EY, some current and former, and their relatives had used those unpublished price-sensitive information (UPSI) to trade in Yes Bank shares ahead of a $1.1 billion deal and profited from the same.

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