The Securities and Exchange Board of India may issue three to four more orders in the IndusInd Bank matter, in addition to the ongoing insider trading case, according to people familiar with the matter.
One of the pending matters is with SEBI’s Corporation Finance Investigation Department, while another is under review by the Corporation Finance Department, the people said, adding that the scope of the regulator’s probe has expanded from initial data-related concerns to cover broader compliance issues.
SEBI is also examining alleged lapses in timely disclosures. A confirmatory order is expected next month, while additional orders may follow in 10 days to a few weeks, the people said.
Further market restrictions and potential bans on holding positions may also be announced as part of the continuing regulatory action.
