Nestlé India did not declare the identity of the person involved.
“The company’s compliance officer has received an administrative alert letter from the Deputy General Manager of SEBI for violations of Sebi (Insider Trading Prohibition) Regulations, 2015 (‘Pete Regulations’) by the company’s designated person.
Later in a statement, a spokeswoman for Nestlé India said that it would not have any material impact on the company.
Nestlé India said, “We will clearly assert that this information has no effect on the company’s financial and operational capabilities. This information has been provided in accordance with the regulation of SEBI listing regulations.”
-
Stock Stock
Maximum return by investing in the right companies
-
Stock Stock
Ranko chart pattern made smooth
-
Stock Stock
Candles make easy: a course of candlestick patterns
-
Stock Stock
Dow theory smoothed
-
Stock Stock
Market 101: Trendlines and velocity insights
-
Stock Stock
Markets 102: Mastering Sentiment Indicators for Swing and Standing Trade
-
Stock Stock
Market 103: Mastering trends with RMI and Techno-Funda insights
-
Stock Stock
Market 104: Options Trading: Kickstart your F&O Adventure
-
Stock Stock
ROC Maid Easy: Master Course for ROC Stock Indicator
-
Stock Stock
RSI made easy: RSI Trading Course
-
Stock Stock
Technical analysis for each – a technical analysis course
-
Stock Stock
The introduction of technical analysis and candle principle
-
Stock Stock
Options course for initials
-
Stock Stock
Options make scalping easier
-
Stock Stock
Futures Trading Easy: Future and Options Trading Course
Insider trading is one of the most serious malpractices that exists in the market.
It sells or buys securities such as equity and bonds by the company’s interior, including employees, directors, officials and promoters.
To prevent such acts and promote fair trade in the market for the benefit of ordinary investors, SEBI has banned companies from buying their own shares from the secondary market.
(Now you can subscribe to our Etmarkets WhatsApp channel)