Insider trading refers to the practice of trading a company’s securities based on Unpublished Price Sensitive Information (“UPSI”), which is not available in the public domain. UPSI encompasses any information that, when made public, can significantly influence the prices of securities. To determine whether information is UPSI two key criteria are checked: (i) whether the information is generally not accessible to the public; and (ii) whether its publication can affect stock prices.

For more details on the do’s and don’ts of insider trading in India, please read the full article here or download a .pdf below