Insider Trading And SEBI

A few days back, Orchid Chemicals tanked to the extent of 50% without any apparent reason. Then came an announcement on CNBC TV 18 that the promoters had to resort to a ‘distress sale’ as they had no margin money. This implies that they had already ‘bought’ a large chunk of their own shares - and that too perhaps over a period of time. Had they disclosed this to SEBI as required? Or have they...

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