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Appellant was guilty of insider trading for passing on information w.r.t. open offer with tippees

June 29, 2020[2020] 117 326 (SAT - Mumbai)

COMPANY LAW/SEBI: Where trading pattern of Tippees made it apparently clear that Tippees had prior information with regard to open offer and appellant, a connected person and insider directly involved with activities pertaining to open offer, had passed on prior information to Tippees, appellant was guilty of insider trading

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