Unpublished Price Sensitive Information- SAT fixes commencement period

The Securities Appellate Tribunal (“SAT“) by its order dated November 30, 2016 in a series of appeal before it [the main appeal being Appeal No. 121 of 2014 – Shelter Infra Projects Limited Vs SEBI (“Shelter Infra”)] has determined and confirmed the period from which Unpublished Price Sensitive Information (“UPSI“) shall be deemed to have come into force thereby triggering the obligation to close trading window

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