A former television anchor has reached a settlement with the Securities and Exchange Board of India (SEBI), agreeing to pay ₹1.46 crore in connection with trades that leveraged non-public, price-sensitive information.
SEBI’s investigation revealed a significant correlation between recommendations made by Hemant Ghai, a co-host on CNBC Awaaz, and the trading activities of various individuals between January 1, 2018, and January 13, 2021. Ghai was found to have allegedly communicated material non-public information about recommendations on his television shows to certain individuals, who subsequently shared this information, facilitating unlawful trading and profits.
In February, SEBI issued a show cause notice to Ghai, questioning why he should not be prohibited from participating in the markets and required to return the unlawful gains. Following this, Ghai sought to settle the case with the regulatory body. Initially, a settlement amount of ₹14.6 crore was proposed; however, this was later adjusted to ₹1.46 crore, which Ghai paid in October.
Published on December 9, 2025.
