SEBI penalises eight individuals for breach of insider trading norm in Titan share trades
时间:2024-06-26 20:57:55 阅读(143)
Capital markets regulator Sebi on Wednesday imposed fines totalling Rs 8 lakh on eight individuals for violation of insider trading norms in the shares of Titan Company Ltd.
The transactions were carried out between April 2018 and March 2019 when they were designated employees of Titan Company.
The order came after Sebi received a letter from Titan Company Ltd (TCL), wherein the company intimated the regulator about alleged violations of Prohibition of Insider Trading (PIT) and company’s code of conduct by some of its designated persons/employees.
Thereafter, the market regulator conducted an investigation in the scrip of TCL and found non-compliances of PIT rules by the individuals during the April 2018-March 2019 period.
During their employment with TCL, they had transacted in the securities of the company but failed to make disclosures to the firm as required under the PIT norms, as per the Securities and Exchange Board of India (Sebi).
The disclosure was mandatory as the transactions exceeded the market value of Rs 10 lakh.
In a separate order, the market regulator slapped fines totalling Rs 20 lakh on four entities for indulging in fraudulent practices in the preferential allotment of Esaar India Ltd shares.
The regulator imposed a fine of Rs 5 lakh each on Giriraj Kishore Agarwal, Tanu Agarwal, Saloni Agarwal and Tilak Finance Ltd.
上一篇:Axis Bank, SAIL, Adani Ports among top stocks to buy post Budget 2022; Sensex, Nifty look positive
猜你喜欢
- Bajaj Finance, Suprajit Engineering shares may rally up to 12% in 3 months, suggest charts; analysts say buy
- Bank of Baroda raises Rs 1,000 cr via housing bonds
- JK Tyre & Industries raises Rs 500 crore through QIP
- Samvat to Samvat- Investor wealth rose by Rs 46 trillion
- Avalon Tech files IPO papers with SEBI, plans to raise Rs 1,025 crore through public issue
- Late buying helps Sensex jump 270 pts; RIL, ICICI Bank shine
- Asus 8Z first look at compact design, specs, top features and more - In Photos
- Sai Silks sees tepid debut, lists at 4% premium; Should you hold or book profit-
- Sai Silks gets Sebi nod to float IPO; eyes to raise up to Rs 1,200-crore