Monday, May 16, 2016

Prohibition of Insider Trading Regulations

The Guidance Note on Insider Trading interalia stated that buy back offers, open offers, rights issues, FPOs, bonus, etc. of a listed company are available to designated persons also, and restriction of 'contra-trade' shall not apply in respect of such matters. SEBI has clarified that exit offer is also exempted from the restriction on contra trade under the PIT Regulations

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