Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities

Videocon case, Sebi, Venugopal Dhoot, UPSI, Unpublished Price Sensitive Information

New Delhi: Markets regulator Sebi on Tuesday imposed fines totalling Rs 75 lakh on industrialist Venugopal Dhoot and two other entities for insider trading activities in the shares of Videocon Industries. Besides Dhoot, who was the managing director of the company, the watchdog has slapped penalties on the company’s two promoters — Videocon Realty and Infrastructures Ltd and Electroparts (India) Pvt Ltd. Electroparts was earlier known as Shree Dhoot Trading and Agencies.

The violations of insider trading norms happened in 2017.

“Noticees being insiders had executed off market transactions while in possession of Unpublished Price Sensitive Information (UPSI),” Sebi said.

Investigation in the scrip of Videocon was carried out between April-September 2017.

The information with respect to classification of Videocon’s loan account as NPA by Dena Bank was likely to materially affect the price of Videocon Industries and it was considered as UPSI.

The period of UPSI was March 1, 2017 to May 9, 2017.

The two promoter entities had either pledged their shares or transferred their shares of Videocon Industries to other entities during UPSI period. The authorised representative, Venugopal Dhoot was an insider and traded on behalf of the two promoter companies who were also insiders during the UPSI period.

For violation of market norms, they are facing a fine of Rs 25 lakh each.

Internet Explorer Channel Network
News Related


75 days after Army chopper crashed, body of co-pilot recovered from J K dam

Late Captain Jayant Joshi On August 3, an Army chopper with two people inside crashed into Ranjit Sagar Dam in Basholi area of Jammu and Kashmir’s Kathua district during a ... Read more »

NARCL to bring on board more directors soon

© Provided by Zee Business The National Asset Reconstruction Company (NARCL) or bad bank will soon bring on board more directors for fair representation of shareholders and better corporate governance, ... Read more »

FinMin to seek Cabinet nod for setting up company to monetise land assets of privatisation-bound CPSEs

© Provided by Zee Business The finance ministry will soon move the Cabinet to seek approval for setting up a company for transfer and subsequent monetisation of land and non-core ... Read more »

Digit Insurance eyes Rs 6,500 cr in premia sales by Oct 2022

© Provided by Zee Business Fairfax-promoted Digit Insurance is confident of taking its premia sales to over Rs 6,500 crore when it completes five years of operations in the next ... Read more »

TN Forest Department draws flak for 'firing two tranquilisers' on tiger

© IANS TN Forest Department draws flak for ‘firing two tranquilisers’ on tiger Chennai, Oct 17 (IANS) The Tamil Nadu Forest Department has drawn flak on capturing the elusive MDT23 ... Read more »

Will Rahul Gandhi get his ‘Team 2024' in 2022?

© Provided by India Today It is by now more or less certain that Rahul Gandhi will be Congress president again. He is set to replace his mother Sonia Gandhi, ... Read more »

Contract killings replaced by ‘govt killings' to end opponents, Shiv Sena slams Centre

© Provided by Hindustan Times Attacking the Centre over the action by probe agencies against members of the ruling coalition Maharashtra Vikas Aghadi (MVA), the Shiv Sena on Sunday said ... Read more »

Bryony Frost bullying probe against Robbie Dunne nears conclusion after leaked report

Racing chiefs say a probe into allegations of bullying against Bryony Frost is close to a conclusion after details of a report were leaked. Jockey Robbie Dunne was charged with ... Read more »

Hooters amends uniform policy after employees condemn ‘disturbing' new shorts

© Provided by The Independent Hooters has said it will allow employees to “choose” which uniform they wish to wear after female staff members criticised the restaurant chain’s new shorts ... Read more »

No surrender: Progressives must not compromise on tax hikes for the rich

© Provided by Salon Joe Biden; Joe Manchin; Kyrsten Sinema Joe Biden, Joe Manchin and Kyrsten Sinema Photo illustration by Salon/Getty Images Sen. Kyrsten Sinema of Arizona was recently confronted at ... Read more »

Denver Art Museum to return artifacts to Cambodia after Pandora Papers expose links to indicted art dealer

© Getty Images Denver Art Museum to return artifacts to Cambodia after Pandora Papers expose links to indicted art dealer The Denver Art Museum will return four relics to Cambodia ... Read more »

People's backgrounds may be screened before they are allowed to meet with their MPs

Home Secretary Priti Patel speaking at the Conservative Party Conference earlier htis month – AP Constituents who book in meetings with their MPs could have their backgrounds checked under proposals ... Read more »

Homelessness prevention is better than cure

Photograph: Maureen McLean/REX/Shutterstock We have reached the cliff edge of a mass homelessness crisis. Some 4.3 million people are behind on household bills, and 564,000 people are in rent arrears. ... Read more »

Parliament calls in new security firm after mounting complaints from MPs

Police officers read tribute messages on bouquets placed outside Parliament to honour Sir David Amess Parliament has been forced to hire a new security firm to protect MPs in their ... Read more »

‘I believe in him' – Russell Martin delivers verdict on Swansea summer signing after emphatic Cardiff win

© Provided by Football League World Championship – Fulham v Swansea City Swansea City boss Russell Martin has hailed Jamie Paterson as a “brilliant character” after seeing him score and ... Read more »

COVID-19 Vaccine Update: WHO's technical advisory group to consider EUL for Covaxin on Oct 26

Vial of Covaxin (File image) The technical advisory group of experts will meet on October 26 to consider Emergency Use Listing for Bharat Biotech’s Covaxin, said WHO‘s chief scientist Dr ... Read more »

BREAKING Newcastle vs Tottenham suspended as defibrillator is rushed across to help fan in stands

The Premier League match between Newcastle and Tottenham has been suspended as paramedics attend to a medical emergency involving a supporter at St James’ Park. The game was brought to ... Read more »

Former US President Bill Clinton released from hospital

© Provided by Clinton was visiting California for an event when he was admitted to the hospital Former US President Bill Clinton was released from a hospital in California ... Read more »

Ole Gunnar Solskjaer pressure mounts at Manchester United as he is tipped for next Premier League boss axe

Under fire Ole Gunnar Solskjaer has been touted as the next boss to lose his job in the English Premier League. That’s ahead of Newcastle United boss Steve Bruce, who ... Read more »

German Greens vote to enter government coalition talks

© Reuters/ANNEGRET HILSE Germany’s SPD, Greens and FDP hold talks to form government BERLIN (Reuters) – Germany’s Green party on Sunday followed its prospective partner, the centre-left Social Democrats (SPD), ... Read more »

Sheikh Khaled bin Mohamed meets UAE's jiu-jitsu stars

© Provided by The National Sheikh Khaled’s visit coincided with Abu Dhabi staging the Jiu-Jitsu Challenge Championship, featuring participants as young as 4. Photo: Wam Sheikh Khaled bin Mohamed has ... Read more »

David Moyes lauds 'great result' as West Ham edge Everton at Goodison Park

Perhaps it was just like old times for David Moyes. He celebrated many a hard-fought 1-0 win at Goodison Park over 11 years in charge of Everton. Having not tasted ... Read more »

Genfer Syrien-Gespräche: Arbeit an Verfassungsentwurf soll beginnen

© Keystone/UN Geneva/Violaine Martin Vertreter der syrischen Regierung und Opposition sollen in den kommenden Tagen erstmals gemeinsam an einem konkreten Verfassungstext arbeiten. Das gab der UN-Syrien-Beauftragte Geir Pedersen am Sonntag, ... Read more »

Die wichtigsten 6 Punkte zur Pflegeinitiative

© keystone Teaserbild © keystone Mehrmals ging das Gesundheitspersonal auf die Strassen, so wie hier im Mai 2021 in Basel. Am 28. November stimmt das Schweizer Stimmvolk über die Volksinitiative ... Read more »

Spanien will Prostitution abschaffen

Die Regierungspartei von Premier Pedro Sánchez bekundet auf ihrem Parteitag, sich explizit für Frauenrechte einsetzen zu wollen. © Foto. Getty Images Wie bereits in Schweden und Frankreich soll künftig auch ... Read more »

Priti Patel: Making Southend a city would be a fitting tribute to Sir David Amess

As a local MP, Sir David Amess was the most high-profile champion for Southend’s designation as a city and had been raising the case since 2000 – John Keeble The ... Read more »

A wide range of new laws will take effect Monday

Oct. 17—The Maine Legislature was busy earlier this year, passing 520 nonemergency bills, and 408 of those were signed by the governor. Here's a quick look of some of the ... Read more »

Manx country diary was worth the wait

Photograph: David Chapman/Alamy A big thank you to Derek Niemann for visiting the Isle of Man and writing a country diary about one of its outstanding habitats, the limestone pavements ... Read more »

T20 World Cup 2021: Bangladesh star Shakib Al Hasan creates history, becomes highest wicket-taker in T20Is

© Provided by Zee News Bangladesh all-rounder Shakib Al Hasan on Sunday (October 17) became the leading wicket-taker in men’s T20Is. Shakib achieved the feat in Bangladesh’s ongoing Group B ... Read more »

One killed, several injured during on-campus shooting at Grambling State University

Several people were shot, including one fatally, early Sunday morning at Grambling State University during a homecoming event. Officials for the Louisiana college said the shooting took place on the ... Read more »

Woman Kills Man for Refusing to Kiss Her, Kissing His Girlfriend Instead: Prosecutors

An Illinois woman is accused of fatally shooting a man who refused to kiss her during a get-together on Thursday. © istock/getty/evgeny_pylayev Stock photo. The incident occurred when suspect Claudia ... Read more »

UCF vs. Memphis College Football Odds, Plays and Insights

Check out odds, insights and more in our betting preview for the UCF Knights vs. Memphis Tigers college football matchup on October 22, 2021. © Provided by Sports Illustrated Oct ... Read more »

A renowned female crime novelist who won a million-euro prize in Spain turned out to be three middle-aged men

© Kike Rincon/Europa Press/Getty Images The writer Carmen Mola, is a pseudonym of the writers Jorge Diaz, Agustin Martinez and Antonio Mercero. Kike Rincon/Europa Press/Getty Images Best-selling Spanish crime author ... Read more »

Adam Kinzinger doesn't rule out January 6 committee subpoena for Trump

A Republican on the House committee investigating the January 6 insurrection at the US Capitol on Sunday did not rule out issuing a subpoena for former President Donald Trump as ... Read more »

Porsche 3D-printed bodyform seats increase comfort and options

Last year, Porsche announced a “concept study” of what it called a “3D-printed bodyform full-bucket seat.” The unit looks like a fancy Porsche bucket seat with pockets where a latticed ... Read more »

Fantasy Injury Updates: Latest news on Antonio Gibson, Joe Mixon, D'Andre Swift, more RBs affecting Week 6 start-sit decisions

No, this isn’t a repeat of last week: Antonio Gibson, Joe Mixon, and D’Andre Swift are all “questionable” (and expected to play) heading into Week 6. Still, as long as ... Read more »

Attention turns to boosters, hesitancy as Covid-19 slows

© The Manila Times Manila residents get jabs against Covid-19 at the Holy Trinity Academy on August 13, 2021. PHOTO BY RENE H. DILAN WITH the Covid-19 situation improving, there ... Read more »

Kate Garraway reveals she has been treated for an inflamed cornea

© Provided by Daily Mail MailOnline logo Kate Garraway has revealed that she had to be taken to the hospital to be treated for an inflamed cornea after wearing her ... Read more »

Rs 50,000 to be disbursed as financial relief to families of COVID-19 victims: UP CM Yogi Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday directed officials to pay Rs 50,000 to family members of persons who had died after contracting COVID-19 in the state. In a ... Read more »

Raiders vs. Broncos odds, prediction: It's OK to take Las Vegas

Dave Tuley, senior reporter at, is in his fourth season with The Post’s Bettor’s Guide. His handicapping pieces appear in VSiN’s online magazine, Point Spread Weekly. Las Vegas Raiders ... Read more »