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Board of Petronet LNG adopts comprehensive PIT policy

The Board has adopted the Comprehensive Code of Conduct to regulate, monitor and report trading in the securities of Petronet LNG Limited (PLL) by the Insiders with effect from March 23

PSU Watch Bureau

New Delhi: State-owned Petronet LNG informed exchanges on Tuesday that "the Board of Directors, in its Meeting held on March 23, has adopted the Comprehensive Code of Conduct to regulate, monitor and report trading in the securities of Petronet LNG Limited (PLL) by the Insiders."

Further, it added that this comprehensive PIT will include a "Code of practices and procedures for fair disclosure of unpublished price sensitive information and Policy for determination of legitimate purposes and Policy for inquiry in case of a leak or suspected leak of unpublished price sensitive information (Comprehensive PIT Policy) in place of existing Code for prevention of Insider Trading in the securities of Petronet LNG Limited."

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