Insurance and loan product aggregator PB Fintech’s chairperson and chief executive officer (CEO) on Tuesday settled a case with the country’s capital market regulator SEBI over alleged insider trading-related violations. According to the official settlement order issued by SEBI, Yashish Dahiya paid a sum of Rs 9.4 lakh to settle the case. Dahiya had applied for a settlement after SEBI initiated instant proceedings against him.
PB Fintech’s Yashish Dahiya settles case with SEBI
SEBI disposed of its adjudication proceedings initiated against Dahiya through a show cause notice dated April 5.
“This order is without prejudice to the right of SEBI to take enforcement actions, in terms of regulation 28 of the Settlement Regulations, including restoring or initiating the proceedings in respect of which the settlement order is passed against the applicants, if: i. It comes to the notice of the Board that the applicant has not made full and true disclosure; ii. Applicant has violated the undertakings or waivers,” read the SEBI order dated March 4, which took effect immediately.
PB Fintech is an online aggregator of financial products, operating insurance and loan product platforms Policybazaar and Paisabazaar, respectively.
In the show cause notice, SEBI had alleged that the applicant, Dahiya, failed to identify the acquisition of 26.72 per cent YKNP Marketing Management shares by PB Fintech.
It also alleged that PB Fintech, through its subsidiary PB Fintech FZ-LLC, had access to unpublished price-sensitive information in violation of the regulator’s Prohibition of Insider Trading (PIT) Regulations.
What is insider trading?
Insider trading is referred to as the illegal practice of trading a company’s stock based on non-public, price-sensitive information. Sometimes also referred to as insider dealing, insider trading can lead to serious legal and financial trouble including penalties and jail.
PB Fintech Share Price News
Earlier on Tuesday, PB Fintech shares—traded with the symbol POLICYBZR on stock exchanges BSE and NSE—ended 2.4 per cent lower at Rs 1,416.2 apiece on BSE.
As of Tuesday, the PB Fintech stock has lost 33.3 per cent of its value so far in 2025, much worse than a 7.0 per cent decline in the headline Nifty 50 index.
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