|Interim Order in the matter of insider trading in shares of Magma Fincorp Limited (now known as Poonawalla Fincorp Limited)
All Trading Members of the Exchange
Sub: INTERIM EX PARTE ORDER Under Sections 11(1), 11(4) and 11B (1) of the Securities and Exchange Board of India Act, 1992 Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, In the matter of Magma Fincorp Limited (now known as Poonawalla Fincorp Limited)
SEBI vide its order no. WTM/SM/ISD /13379/2021-22 dated September 15, 2021 has inter-alia issued following directions:
- All the Entities, viz: Entity nos. 1 to 8 are restrained from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever until further orders.
- If the Entities have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out / square off such open positions within 3 months from the date of order or at the expiry of such contracts, whichever is earlier. The Entities are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this order
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Roshani More
Asst.General Manager Deputy Manager
Regulatory Correspondence Surveillance
Date: September 15, 2021