SEBI Warns Nestlé India Over Insider Trading Violation

SEBI (Securities and Exchange Board of India) issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading Regulations by a high-ranking official.

Nestle’s compliance officer received a warning letter from the Deputy General Manager of SEBI for breaching the Prohibition of Insider Trading Regulations, 2015.

Nestle India stated that this incident would not affect the company’s operations and confirmed compliance by following Regulation 30 of SEBI Listing Regulations.

SEBI implemented regulations to safeguard investors’ interests by preventing companies from acquiring their own shares through secondary market transactions.