sebi:WTM/RKA/ISD/56/2014
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Factorial Master Fund restrained from dealing in securities in the Indian securities market (including through Offshore Derivative Instruments) and/or accessing the Indian securities market, directly or indirectly, in any manner whatsoever till further order.
Provisions invoked
- s. 19
- s. 11(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 3(i)
- Reg. 2
- Reg. 2(e)
- Reg. 2(k)
Parties
- Factorial Master Fund
Holding
SEBI (Whole Time Member) prima facie found that Factorial Master Fund built an unusually aggressive short position in the F&O segment of LTFH ahead of an Offer for Sale while in possession of unpublished price sensitive information regarding the likely floor price, and restrained Factorial from dealing in or accessing the Indian securities market pending investigation.
Full text
_______________________________________________________________________ In the matter of Factorial Master Fund Page 2 of 7
_______________________________________________________________________ In the matter of Factorial Master Fund Page 3 of 7
_______________________________________________________________________ In the matter of Factorial Master Fund Page 4 of 7
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/RKA/ISD/56/2014. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.