PC Jeweller slumps over 4% after Sebi slaps Rs8cr on promoters for insider trading

Shares of PC Jeweller slumped over 4% on the BSE after media reports said that Sebi has imposed a total fine of over Rs8cr on Shivani Gupta, Sachin Gupta, Amit Garg and Quick Developers Pvt. Limited for violating insider trading rules in PC Jeweller case.

"In light of the alleged violations by Balram Garg, this order shall be treated as a notice calling upon him to show cause as to why direction shall not be passed against him to restrain him from accessing the securities market and prohibiting him from buying, selling or otherwise dealing in securities for an appropriate period," the SEBI order said.

Further, the media statement added that Sebi had conducted an investigation into the scrip of PC Jeweller to ascertain whether the suspected .

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