UPSI (unpublished price sensitive information)

    ESG & Governance

    Information about a company that is not yet public and would likely move its share price if it were.

    Under SEBI's insider trading rules, UPSI includes financial results, dividends, changes in capital, mergers and acquisitions, delistings, disposals of business and changes in key managers, and SEBI has widened the list over time. Anyone holding UPSI is an insider and must not trade on it or share it except for legitimate purposes. Companies must record every sharing of UPSI in a structured digital database.

    Related terms

    Insider tradingTrading windowMaterial event disclosure

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