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Friday, March 1, 2019

Shaw fined for selling Infosys stock inadvertently

According to rules, Kiran Mazumdar-Shaw was expected to obtain a pre-clearance of the trade. Infosys’s statement said the trade was carried out by Mazumdar-Shaw’s portfolio manager without her knowledge. It said she had not instructed the manager to conduct the trade and she had no knowledge of the trade having occurred.

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