SEBI penalises eight individuals for breach of insider trading norm in Titan share trades
时间:2024-09-29 05:05:38 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
- Several flights delayed at Delhi airport amid thick fog and zero visibility – Check details
- Share Market Highlights- Nifty settles at a fresh high; closes above 20260, Sensex over 67480, Bank Nifty adds 330 points
- Share Market Highlights- Nifty settles above 17900, Sensex jumps 350 pts; Bank Nifty above 43000, Bajaj shares gain
- Accenture- Revenue rises 15% in fourth quarter
- Share Market Highlights- Nifty settles above 18000, Sensex gains 240 pts; Bank Nifty rises 80 pts, IT ends over 1% up
- SGX Nifty deep in red, will bears return to haunt Sensex, Nifty- 5 things to know before opening bell
- The future of early education in India- predictions and trends for 2024
- Adani Enterprises stock jumps 2% after disclosure on US SEC probe; dividend record date nears, AGM next month
- Share Market Highlight- Market closes tad higher! Nifty trades above 21,500, Sensex near 71,400; Realty and Healthcare stocks gain