Bench dismisses petition seeking to quash SEBI Zenotech order

The Madurai bench of the Madras High Court has dismissed a writ petition seeking quashing of a SEBI order on the purchase of Zenotech Laboratories shares by Daiichi Sankyo at Rs.113.62.

ESOPs can be sold, subscribed within six months: SEBI

Market regulator SEBI today said
regulations that prohibit employees of a company from selling
his/her firm`s shares if he/she has bought them in the past
six months, or vice versa, do not apply to ESOPs.