Nestlé India Receives SEBI Warning Over Insider Trading Breach
Nestlé India has received a warning from the Securities and Exchange Board of India (SEBI) regarding a breach of insider trading regulations by a designated person within the company. The Indian subsidiary of Swiss food giant Nestlé disclosed that its compliance officer was issued an administrative warning letter by SEBI on Thursday.
While the company did not reveal specific details about the letter or the individual involved, it assured that the matter would not impact its financial or operational stability. Nestlé India, the maker of Maggi instant noodles, emphasized its commitment to regulatory compliance and ethical business practices.
The warning comes amid increased scrutiny by SEBI on insider trading violations in India’s corporate sector. Nestlé India stated that it remains focused on its business operations and continues to adhere to the highest standards of governance.
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