New Delhi, March 8 -- FMCG major Nestle India has received a warning from SEBI over violations of insider trading norms by a senior official of the company on Friday, March 6.
"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," the company said in a stock filing on Saturday, March 7.
Nestle has not yet revealed the identity of the senior official.
The FMCG giant claimed that there would be no material impact on the company's financials, operations, or other activities due to the SEBI notice.
The SEBI (Prohibition of Insider Trading)...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.