Unknown traders made ₹24 crore illegally on SoftBank deal
Unknown traders made more than $3.6 million (over ₹24 crore) in illegal profits by investing in shares ahead of Softbank's announcement last month that it would buy hedge-fund manager Fortress Investment. The traders are believed to be overseas investors who used accounts outside the US. They engaged in "highly suspicious trading" that involved buying 9,50,000 Fortress shares, regulators said.