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Nestle India receives warning from Sebi for violations of insider trading norms

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Nestle India receives warning from Sebi for violations of insider trading norms

NEW DELHI: Sebi has issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading regulations by a high-ranking company official. According to a regulatory filing on Friday, Nestle India received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI). The company has not revealed the identity of the individual involved.
“The Compliance Officer of the Company has received an administrative warning letter from the Deputy General Manager of Sebi for violation of Sebi (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) by a designated person of the Company,” it said.
A Nestle India spokesperson subsequently stated that this development would not significantly affect the company’s operations, PTI news agency reported.
“We would like to categorically assert that this information has no impact on the financial and operational capabilities of the company. The information has been provided in accordance with Regulation 30 of Sebi Listing Regulations,” said Nestle India.
Insider trading represents a significant violation in market operations. This practice involves the trading of securities, including equity and bonds, by company insiders such as employees, directors, executives and promoters.
To safeguard common investors’ interests and ensure fair market practices, Sebi has implemented regulations preventing companies from acquiring their own shares through secondary market transactions.





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