Sebi cracks down on insider trading in IEX: 8 barred from markets after Rs 173 crore windfall

Market regulator Sebi has banned eight people from capital markets. They are accused of insider trading in Indian Energy Exchange shares. This activity allegedly resulted in illegal gains exceeding Rs 173 crore. The ban is interim and effective immediately. Sebi initiated an examination after a significant fall in IEX shares following a CERC directive.