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Manappuram Finance tanks 10% after SEBI notice for insider trading

Shares of Manappuram Financetanked as much as 10 percent intraday on June 7 after SEBI issued a notice to the company alleging insider trading. According to a report in Business Standard, the market regulator issued a show-cause notice to five Asset Management Companies (AMCs) including SBI Fund Management, ING Mutual Fund (now Birla Sunlife), BNP Paribas, Ambit Capital and Manappuram on charges of using price-sensitive information for trading in ... Read More »