businessUpdated: Aug 16, 2020 12:00 ISTInfosys on Friday said there had been an “inadvertent trade” by the portfolio management services of Bela Parikh, spouse of the company’s independent director Bobby Parikh. Following this, a penalty of Rs 2 lakh has been imposed on Bobby Parikh, Infosys said in a regulatory filing. Detailing out the inadvertent trade by a designated person, Infosys said the portfolio management services of Bela Parikh had bought 2,754 shares during the open trading window period “without the knowledge of Bobby Parikh and without obtaining pre-clearance of trade”. Bobby Parikh is the joint holder of that account. The Audit Committee of the company was notified of this matter,” it added.

Source: Hindustan Times August 16, 2020 06:31 UTC