Sebi Orders Factorial Master Fund To Give Up Illegal Gains Worth Rs 20 Crore

New Delhi: Capital markets regulator Sebi has ordered Factorial Master Fund, a Hong-Kong based firm founded by an Indian origin banker, to disgorge Rs 20 crore worth of illegal gains made by it through insider trading in the scrip of L&T Finance Holdings. A Sebi probe found that Factorial, incorporated in Cayman Islands, had traded in the scrip of L&T Finance Holdings on the basis of its access to unpublished price sensitive informa...