Examine whether the following information will be treated as unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 201
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2020
Examine whether the following information will be treated as unpublished price sensitive information as per provisions under the Securities Exchange Board of India (SEBI) (Prohibition of Insider Trading) Regulations, 2015: The company is in negotiation with a foreign company to sell its stake in ABC Ltd.
Answer & Explanation:
In case (ii), the negotiation to sell its stake is considered as an unpublished price sensitive information since it is covered under point (d) (mergers, demergers, acquisitions, delistings, disposals and expansion of business and such other transactions) of Regulation 2(n) of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Topics: SEBI Regulations
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