In a breather to senior executives of listed companies, the Securities and Exchange Board of India (Sebi) has amended Prohibition of Insider Trading (PIT) regulations to provide flexibility in the "trading plan" that allows insiders to deal in their shares.
Senior management and key officials who usually have access to unpublished price-sensitive information (UPSI) are considered to be insiders. According to regulations, they have a narrow window to carry out trades to avoid insider trading.
Insiders have to give a 'trading plan' specifying the share price, amount, and transaction date in advance.
This story is from the June 27, 2024 edition of Business Standard.
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This story is from the June 27, 2024 edition of Business Standard.
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