Price Sensitive Information

The market regulator had sought public comments on whether the PIT Regulations need to be amended to also cover the MF industry.

"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.

Sebi said Reliance did not disclose the deal even after newspaper reports in March 2020 published price-sensitive details about the Facebook investment that led to a spike in RIL shares

Insider trading refers to trading of securities while in possession of Unpublished Price Sensitive Information (UPSI) about the particular securities