SEBI has penalised former Religare Enterprises chairperson Rashmi Saluja with a ₹40 lakh fine for alleged insider trading. The regulator said she traded Religare shares while in possession of unpublished price-sensitive information related to the Burman Group’s open offer. SEBI has also ordered Saluja to disgorge ₹1.9 crore in unlawful gains, along with interest.
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