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Equitas Small Finance Bank has imposed a fine on its Vice President - Internal Audit, N. Ganesan, for violation of insider trading norms.
In a regulatory filing, the bank said that the Ganesan, a designated person, had sold 1,000 shares during trading window closure period and also entered into contratrade on November 2020.
The violation was brought to the notice of the Disciplinary Action Committee (DAC) of the bank, which levied on the violating Designated Persons, a penalty of an amount equivalent to 10 per cent of the value of shares traded in violation of the SEBI Regulations and Internal Code of Conduct, it said.
NIIT Ltd board to consider buyback proposal on Dec 24, 2020
Posted On: 2020-12-21 09:22:09 (Time Zone: Arizona, USA)
A meeting of the Board of Directors ( the Board ) of NIIT Limited ( the Company ) is scheduled to be held on Thursday, December 24, 2020 to inter alia consider proposal for buyback of equity shares of the Company.
The Trading Window for dealing in the securities of the Company shall remain closed for all Designated Persons and their immediate relatives with immediate effect and shall open after 48 hours of the announcement of Board Meeting outcome.
Shares of NIIT LTD. was last trading in BSE at Rs.173.35 as compared to the previous close of Rs. 180.5. The total number of shares traded during the day was 64446 in over 1115 trades.
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In this issue we consider a number of recent Central Bank
updates including some of its post-Brexit requirements for UK
Investment Managers and UK AIFMs, its recent consultations on
performance fees and on changes to the AIF rulebook in relation to
permissible features of closed-ended AIFs, and some clarifications
for unit trust funds in respect of their central register filings.
We also note the passing of the Investment Limited Partnerships
(Amendment) Bill and consider the implications for investment funds
following the Central Bank s thematic inspections on Fitness