SEBI Impounds ₹173 Crore for Alleged Insider Trading Linked to IEX Market Coupling Leak

SEBI has impounded ₹173 crore in alleged unlawful gains from multiple entities over suspected insider trading related to a confidential market coupling proposal involving the Indian Energy Exchange (IEX).

The regulator’s probe revealed that certain entities traded using unpublished price-sensitive information about the proposed mechanism to streamline price discovery across IEX, PXIL, and HPX, securing profits before any official announcement.

SEBI stated that adjudication proceedings would follow, which could lead to the disgorgement of unlawful gains or the imposition of monetary penalties on the concerned parties, although no final penalty has yet been imposed.