BENGALURU -Infosys CEO Salil Parekh settled charges for failing to place adequate internal controls to prevent insider trading at India's No.2 IT services exporter during a 2020 contract, the country's markets regulator said on Thursday.
The regulator did not elaborate on what this information was but held Parekh accountable for what it considered a lapse in internal controls to prevent insider trading on that deal. It has also started providing a break-up of the total contract value of any deal in terms of average revenue per annum for comparison with its annual revenue.
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