ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

STOCK MARKET-Questionable Decision

the Securities and Exchange Board of India's (SEBI) ruling that Hindustan Lever had indulged in insider trading when it purchased eight lakh shares of Brooke Bond, on the eve of its then yet unannounced merger with Hindustan Lever, raises some questions including the one about the advisability of an executive authority arrogating to itself the role of an appellate body in the context of a regulatory authority.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top