Market regulators said it will re-investigate the alleged insider trading case, stating that a “deeper examination” is warranted.
In May 2015, SEBI had charged Vellayan, along with AR Murugappan, Gopalakrishnan and V Karuppiah with insider trading.
SEBI had alleged that Vellayan had passed on unpublished price sensitive information pertaining to the acquisition of Sabero Organic.
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