SEBI penalises eight individuals for breach of insider trading norm in Titan share trades
时间:2024-06-26 06:45:14 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.
猜你喜欢
- Rupee plunges 66 paise to drop below 83
- Titan, Kalyan expect revenue to grow in double digits in Q3
- Adani Ent FPO off to a shaky start
- Samsung Galaxy A25 5G, A15 5G buyer’s guide- Top specs, features, India prices and more
- Rupee likely to trade volatile amid risk aversion in equity markets; USDINR to trade sideways in this range
- Two bodies found after avalanche in Italian Alps
- UCO Bank shares climb 2 pc on BSE after Q4 earnings
- Adani Enterprises share price surges 1% today after Q4 net profit more than doubles on-year
- Russia could buy yuan, rupees, Turkish lira for rainy day fund, says central bank