Reported 8 months ago
Quant Mutual Fund in India, with assets valued at $11 billion, is under scrutiny by the country's stock-market regulator. The fund has stated its commitment to cooperating with the regulatory review, emphasizing transparency and adherence to standards. The inquiry follows reports of a search conducted at the fund's Mumbai headquarters on suspicions of front-running, an illegal trading practice in India. This development may impact smaller stocks held by the fund, including RBL Bank Ltd., Aarti Pharmalabs Ltd., and Ador Welding Ltd.
Source: YAHOO