Reuters logo
BUZZ-India's Piramal Enterprises falls; SEBI fines company, 5 executives
October 4, 2016 / 4:51 AM / a year ago

BUZZ-India's Piramal Enterprises falls; SEBI fines company, 5 executives

** Shares of Piramal Enterprises Ltd fall 1.78 pct, a day after posting their biggest single-day pct gain in six weeks

** Securities and Exchange Board of India imposes a 600,000 rupee ($9,019.84) fine on company and five of its executives

** SEBI says co and executives violated some of country’s insider trading rules during the sale in 2010 of its domestic healthcare business to Abbott Laboratories Ltd

** Adds violations involved failure to close trading window for shares during the period in which it was considering the sale

** Says co failed to keep information on a “need-to-know basis” among its executives

** For full SEBI statement see: bit.ly/2dsq97w

** As of Monday’s close, stock had risen 90 pct this year ($1 = 66.5200 Indian rupees)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below