The Central Bank of India has announced the sale of equity shares by its promoters, as disclosed under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure was made in Form B, as per the regulatory requirements.
This announcement follows the receipt of disclosures from the promoters of the bank under Regulation 7(2)(a) of the SEBI regulations. The bank has provided this information to the National Stock Exchange of India and BSE Limited, ensuring compliance with the insider trading regulations.
The details of the equity share sale, including the number of shares sold and the financial implications, were not specified in the announcement. The Central Bank of India has requested the stock exchanges to take note of this information and update their records accordingly.
This disclosure is part of the bank’s ongoing commitment to transparency and adherence to regulatory norms. The SEBI regulations are designed to prevent insider trading and ensure that all market participants have equal access to important information.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).