Synopsis
Large quantities of shares were borrowed from the Securities Lending and Borrowing or SLB segment and sold in the market a few days before the OFS announced September 21 at 33% discount to the prevailing market price.
MUMBAI: Market regulator Sebi has initiated a probe into alleged insider trading in the shares of GMM Pfaudler ahead of the offer for sale (OFS) by the Indian promoter group. Large quantities of shares were borrowed from the Securities Lending and Borrowing or SLB segment and sold in the market a few days before the OFS announced September 21 at 33% discount to the prevailing market price.Sebi has asked the stock exchanges to provide five years
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
To Read the Full Story, Become an ET Prime Member
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
Access the exclusive Economic Times stories, Editorial and Expert opinion
Already a Member? Sign In now
Why ?
-
Sharp Insight-rich, Indepth stories across 20+ sectors
Access the exclusive Economic Times stories, Editorial and Expert opinion
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
Credit: economictimes.indiatimes.com
