Nestle India under SEBI net, gets warning letter
Advertisement
New Delhi: FMCG major Nestle India has received administrative warning letter from the Securities and Exchange Board of India (SEBI) over alleged violation of Insider Trading norms by a senior official of the company.
"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 BSE filing.
Nestle India has not disclosed the identity of the person involved in this.
Later in a statement, Nestle India spokesperson said it will have no material impact on the company.
According to PTI, Nestle India said, "We would like to categorically assert that this information has no impact on the financial and operational capabilities of the company. The information has been provided in accordance with Regulation 30 of SEBI Listing Regulations,"
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.