₹173 Cr made from insider info – SEBI cracks down on IEX scandal!"

What Happened - SEBI’s interim order dated October 15, 2025 revealed that eight individuals engaged in insider trading in IEX shares. - These trades were executed ahead of a key regulatory announcement by the Central Electricity Regulatory Commission (CERC) on July 23, 2025, regarding Market Coupling. - The accused had prior access to unpublished price-sensitive information (UPSI), which they used to make trades that generated massive profits. 💰 The Financial Impact - The total illegal gains amounted to ₹173.14 crore, which is 1.5 times IEX’s quarterly profit. - SEBI has ordered the impounding of these gains and directed the entities to open fixed deposit accounts with a lien in favor of SEBI. These funds cannot be accessed without SEBI’s permission. 🚫 Penalties and Restrictions - All eight entities have been barred from accessing the securities market. - Their bank accounts have been restricted, and further investigation is underway to determine if more individuals were involved. 🧠 Modus Operandi - The insider information was allegedly shared among family members and associates, indicating a coordinated effort to exploit regulatory developments for profit. - SEBI’s order emphasized that this conduct damaged market integrity and created information asymmetry, undermining investor trust.