<p>An individual on Friday settled with markets regulator Sebi a case related to alleged leak of Wipro Ltd's unpublished financial result on WhatsApp, by paying over Rs 27 lakh towards settlement charges.</p>.<p>Sebi observed from a newspaper article that unpublished financial results of some major companies were posted on a private WhatsApp group prior to their announcement by the companies. Wipro was among those companies whose information was leaked allegedly on the WhatsApp group.</p>.<p>Sebi, thus, conducted an investigation and observed that the individual -- Govind Agarwal -- sent the information to another individual on WhatsApp.</p>.<p>Agarwal was working as a research analyst and as part of his job, he was required to attend the quarterly conference calls, analyse the results and prepare research reports, the settlement order noted.</p>.<p>"The financial figures of Wipro communicated on WhatsApp, before the disclosure of same on the stock exchanges by Wipro, were within a range of 0.03 per cent to 0.47 per cent of the actuals," it added.</p>.<p>By circulating the unpublished price-sensitive information, Agarwal allegedly violated the Prohibition of Insider Trading norms.</p>.<p>Pending the proceedings, Agarwal filed a settlement application with Sebi without accepting or denying the guilt.</p>.<p>The high-powered advisory committee of Sebi considered the settlement terms and recommended the case for settlement upon payment of Rs 27.89 lakh.</p>.<p>The amount, after the approval of panel of whole-time members of Sebi, was remitted by Govind Agarwal on October 26, 2020.</p>
<p>An individual on Friday settled with markets regulator Sebi a case related to alleged leak of Wipro Ltd's unpublished financial result on WhatsApp, by paying over Rs 27 lakh towards settlement charges.</p>.<p>Sebi observed from a newspaper article that unpublished financial results of some major companies were posted on a private WhatsApp group prior to their announcement by the companies. Wipro was among those companies whose information was leaked allegedly on the WhatsApp group.</p>.<p>Sebi, thus, conducted an investigation and observed that the individual -- Govind Agarwal -- sent the information to another individual on WhatsApp.</p>.<p>Agarwal was working as a research analyst and as part of his job, he was required to attend the quarterly conference calls, analyse the results and prepare research reports, the settlement order noted.</p>.<p>"The financial figures of Wipro communicated on WhatsApp, before the disclosure of same on the stock exchanges by Wipro, were within a range of 0.03 per cent to 0.47 per cent of the actuals," it added.</p>.<p>By circulating the unpublished price-sensitive information, Agarwal allegedly violated the Prohibition of Insider Trading norms.</p>.<p>Pending the proceedings, Agarwal filed a settlement application with Sebi without accepting or denying the guilt.</p>.<p>The high-powered advisory committee of Sebi considered the settlement terms and recommended the case for settlement upon payment of Rs 27.89 lakh.</p>.<p>The amount, after the approval of panel of whole-time members of Sebi, was remitted by Govind Agarwal on October 26, 2020.</p>