 |
| Discouraging Insider Trading |
Insider Trading is prohibited by both Law as well as by Wipro Limited’s policy. Insider Trading generally involves the act of subscribing or buying or selling of the Company’s Securities, when in the possession of any Unpublished Price Sensitive Information about the Company. It also involves disclosing any Unpublished Price Sensitive Information about the Company to others who could subscribe or buy or sell the Company’s Securities. Insider Trading invokes severe civil and criminal penalties not only on the Insider but also on the Company in certain circumstances under Federal Securities Statutes of the United States of America as well as the Regulations issued in India under the Securities and Exchange Board of India (SEBI) Act, 1992.
The Company strictly prohibits Counseling or procuring, directly or indirectly, any Unpublished Price Sensitive Information; Dealing by Wipro in the Securities of another company or associate of that other company, including the customers, vendors or suppliers of Wipro, its subsidiaries and associate companies while in possession of any Unpublished Price Sensitive Information.
|
|
|
