ABB India gets Sebi warning for breach of insider trading norms by employeesThe warning letter dated November 8, 2024 has been received on November 14, 2024, ABB India said in an exchange filing.
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FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen during the company's annual news conference in Zurich, Switzerland.
Credit: Reuters File Photo
New Delhi: ABB India on Friday said it has received a warning letter from stock markets regulator Sebi for violation of insider trading rules by two of its employees.
The warning letter dated November 8, 2024 has been received on November 14, 2024, ABB India said in an exchange filing.
"The company secretary has received administrative warning letter from Deputy General Manager SEBI for violation of SEBI (Prohibition of Insider Trading) Regulations, 2015 by two designated persons of the company," it said.
ABB is a global technology leader in electrification and automation.