ALPHA TRIBE

Aditya Birla Money LimitedImportant, 28-01-2025: Updates

28-01-2025 | 06:03 pm

Aditya Birla Money Limited has made revisions to its Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information (UPSI). This updated code is intended to enhance the transparency and fairness of communication with stakeholders regarding UPSI, particularly in the context of potential corporate actions such as mergers and acquisitions. The Company has established that information shared under legitimate circumstances must keep stakeholders' interests in mind while ensuring compliance with insider trading regulations.

The Code outlines responsible dissemination practices to prevent selective disclosure and mandates prompt public disclosures that may influence market prices. It includes guidelines on dealing with inquiries from analysts, ensuring that any shared information is not considered UPSI, as well as instructions to maintain equitable communication during investor relations activities. This strategic move aims to bolster investor confidence and uphold the integrity of market practices while navigating potential corporate changes.

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