![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEidsktUecBE-ar9_huUrZxBekRo1lwNMwgTgomYemJZpWdcmV1frD1lwjkRjFbtYT-c7Sr98REOHdT5Mus6-PkvAUoo1P47hOvCwX_KBPs1JL80a6kUObySkmszw_uAH8F4k86gC4finGg/s320/PROHIBITION.jpg)
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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