SME Times News Bureau | 31 Oct, 2020
The Securities and Exchange Board of India (SEBI) has imposed a penalty
of Rs 2 lakh on an employee of Titan Company, Theekevedu B. Alexander,
for violating insider trading norms in 2018.
The investigation by
the capital markets regulator found that the designated employee of the
company and his spouse had traded in the scrip of Titan when the
trading window was closed, in violation of SEBI (PIT) Regulations, 2015.
Alexander
had traded on two trading days during the period from September 23 to
November 12, 2018 -- a period during which the trading window was
closed.
The noticee will have to pay the said amount of penalty within 45 days of receipt of the order.
