Trading window exemptions extended to Offer for Sale and Rights Entitlements when conducted under board-specified framework. SEBI clarified that trading window restrictions under the Prohibition of Insider Trading regime shall not apply to Offer for Sale (OFS) and Rights Entitlements (RE) transactions when conducted in accordance with the framework specified by the Board. The amendment supplements existing exemptions under Schedule B and Regulation 9. Stock exchanges must notify listed companies and publish the circular; the directive is issued under SEBI's regulatory powers and is effective immediately.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trading window exemptions extended to Offer for Sale and Rights Entitlements when conducted under board-specified framework.
SEBI clarified that trading window restrictions under the Prohibition of Insider Trading regime shall not apply to Offer for Sale (OFS) and Rights Entitlements (RE) transactions when conducted in accordance with the framework specified by the Board. The amendment supplements existing exemptions under Schedule B and Regulation 9. Stock exchanges must notify listed companies and publish the circular; the directive is issued under SEBI's regulatory powers and is effective immediately.
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