SEBI orders return of ₹1,730 cr from CERC officials over IEX insider gains

SEBI has issued an interim order mandating that two officials of India’s power regulator and others return ₹1,730 crore in profits deemed ill-gotten through insider trading tied to policy changes involving the Indian Energy Exchange. The officials and associated parties are barred from securities trading henceforth. The probe links their positions and trades to an advance leak of a ‘market coupling’ rule which later caused a 29.6% decline in IEX shares.