Archive · 24 Sep 2025
SEBI Fines Two for Insider Trading in Nucleus Software
Imagine a secret about a company's stock price.
It's like knowing the answer to a test before everyone else!
Two people, cousins Nitin and Anupam, were caught trading stocks based on this secret information about Nucleus Software.
Nitin worked at Nucleus and shared the secret with his cousin Anupam, who then bought and sold shares.
Because they used secret information to make money, SEBI, which is like the financial police, fined them a total of ₹25 lakh.
SEBI fined two individuals for insider trading.
The case involved shares of Nucleus Software Exports Ltd.
Nitin Kumar Garg and Anupam Gupta were the individuals penalized.
Nitin, employed at Nucleus, shared inside information with his cousin.
The fine imposed was ₹15 lakh on Nitin and ₹10 lakh on Anupam.
- Who
- Nitin Kumar Garg and Anupam Gupta
- What
- Were fined for insider trading.
- When
- The investigation period was from March 1, 2023, to June 16, 2023.
- Where
- India.
- Why
- For violating insider trading rules by trading Nucleus Software shares while in possession of unpublished price sensitive information.
- Regulator
- SEBI (Securities and Exchange Board of India)
- Individuals Fined
- Nitin Kumar Garg and Anupam Gupta
- Total Fine
- ₹25 Lakh
- Company
- Nucleus Software Exports Ltd
- Violation
- Insider Trading
- Relationship
- Garg and Gupta are cousins