Acquisition of a Co. by a listed entity becomes a UPSI under the prohibition of insider trading norms: SAT

COMPANY LAW/SEBI : 100 per cent acquisition of a company directly or indirectly by a listed entity, irrespective of its value and size is a material event and becomes an Unpublished Price Sensitive Information (UPSI) under PIT regulations thereby making it obligatory on listed entity to close trading window during UPSI period

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