13/7/2024, 12:48:03 pm

Quant Mutual Fund confirms search-and-seizure ops, says Sebi's data

Quant Mutual Fund has clarified to its investors that the Securities and Exchange Board of India's (SEBI) data collection was part of a court-approved search-and-seizure operation, not a routine enquiry, as part of an investigation into suspected front-running of trades. This implies more serious allegations and intrusive examinations, unlike standard inquiries.