Markets regulator SEBI on Wednesday barred eight entities from the securities markets and impounded illegal gains of Rs 173.14 crore made by them through insider trading in the shares of Indian Energy Exchange Ltd (IEX).

"I am of the prima facie opinion that the noticees (eight entities) had access to the UPSI pertaining to the CERC order, and based on the trading pattern of the noticees, an irresistible inference can be drawn that their trades, being insiders, were influenced by the possession of UPSI," SEBI Whole-Time Member Kamlesh Varshney said in his 45-page interim order.

The entities barred by SEBI are -- Bhoovan Singh, Amar Jit Singh Soran, Amita Soran, Anita, Narender Kumar, Virender Singh, Bindu Sharma, and Sanjeev Kumar.

The case traces back to July 23, 2025, when the Central

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