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Options
- A
Merger between two or more companies
- B
Dividends
- C
Changes in key managerial personnel
-
All of the above
Correct answer
Why this is the answer
The SEBI (Prohibition of Insider Trading) Regulations define Unpublished Price Sensitive Information (UPSI) as any information that is not generally available but could materially affect the price of a company’s securities once disclosed. This includes financial results, dividends, changes in capital structure, mergers, acquisitions, delistings, and changes in key managerial personnel. Therefore, all the options listed—mergers, dividends, and changes in leadership—are considered UPSI. It is essential for investors and company insiders to understand and comply with these regulations to prevent insider trading.
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