A man walks past a billboard of Infosys Technologies Ltd’s office in Bangalore, capital of the southern state of Karnataka, October 10, 2003. REUTERS
BENGALURU, June 27 (Reuters) – India’s No.2 IT services exporter Infosys’ (INFY.NS), CEO Salil Parekh has settled charges of violating provisions of insider trading, the country’s markets regulator said on Thursday.
Parekh agreed to pay 2.5 million rupees (around $30,000) for failing to have adequate controls to prevent insider trading, the Securities and Exchange Board of India said. ($1 = 83.5070 Indian rupees)
Reporting by Nandan Mandayam in Bengaluru; Editing by Savio D’Souza
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