JSW Energy Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI), according to an exchange filing.
The administrative warning was related to in connection with certain trades executed by certain Designated Persons and Immediate Relatives of Designated Persons in violation of the SEBI (Prohibition of Insider Trading) Regulations, 2015 and the SEBI Act, 1992.
“The Company has already taken necessary action against the concerned individuals in terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015,” JSW Energy said in the exchange filing.
The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
