Sebi warns Nestle India over breach of insider trading regulations
The company, which makes Maggi instant noodles, said there was no material impact on its financials, operations or other activities because of the incident
 "Nestlé India")
The Indian arm of Swiss food giant Nestle said its compliance officer received an administrative warning letter from the Securities and Exchange Board of India (SEBI) on Thursday
Listen to This Article
Nestle India said on Friday it received a warning from the country's markets regulator for a breach of insider trading regulations "by a designated person of the company."
The Indian arm of Swiss food giant Nestle said its compliance officer received an administrative warning letter from the Securities and Exchange Board of India (SEBI) on Thursday. But the firm stopped short of revealing the findings of the letter or the details of the person.
The company, which makes Maggi instant noodles, said there was no material impact on its financials, operations or other activities because of the incident.
Nestle India did not immediately respond to a Reuters' request for comment.
More From This Section
 "Image: Bloomberg")
 "The number of active investors on the National Stock Exchange (NSE) have jumped 44 per cent over the past one year to 47.9 million at the end of September 2024. The surge in active clients is underpinned by the rally in the markets, with the Nifty 50")
 "dividend yield")
 "Hexaware technologies")
 "Investors react as they watch the stock prices on a digital screen, at BSE building in Mumbai, Friday, Sept. 20, 2019. Sensex surges 1,921.15 pts to end at 38,014.62; Nifty zooms past 11,200 after Finance Minister Nirmala Sitharaman announced a slew")
Topics : SEBI Nestle India
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Mar 07 2025 | 4:37 PM IST