Sebi seeks info on trades by execs of big cos where promoters hiked stake

Under the prevention of insider trading rules, every company is required to maintain a database of its top executives and third-party contractors, who may have access to price-sensitive information. However, if a listed entity belongs to a large business conglomerate, there are executives other than the board members of the listed arm with access to price-sensitive information. At least eight to ten listed entities are learnt to have received these queries from Sebi.

via Economictimes

No comments