Jul 01, 2016

Amendment of Guidance Note on SEBI (Prohibition of Insider Trading) Regulations, 2015

SEBI has, on April 12, 2016, amended the guidance note on SEBI (Prohibition of Insider Trading) Regulations, 2015 (‘PIT Regulations’) which was issued on August 24, 2015 to extend the exemption from ‘contra trade’ restrictions under the PIT Regulations to exit offers in addition to buy back offers, open offers, rights issues, Follow – on Public Offers, bonus issues, etc.

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