https://www.taxtmi.com/caselaws?id=396338 A connected person employed with the merchant banker for the CRISIL open offer was treated as an insider because he had access to unpublished price sensitive information and was directly involved in the assignment, including knowledge of pricing. The record also supported an inference of tipping on circumstantial evidence: his close relationship with the tippees, concealment of that relationship, their unusual concentrated purchases during the UPSI period, immediate sales after the open offer announcement, and absence of trading in other securities together justified the conclusion that UPSI was passed on. en-us Fri, 12 Jun 2020 00:00:00 +0530 Fri, 22 Aug 2025 22:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396338 A connected person employed with the merchant banker for the CRISIL open offer was treated as an insider because he had access to unpublished price sensitive information and was directly involved in the assignment, including knowledge of pricing. The record also supported an inference of tipping on circumstantial evidence: his close relationship with the tippees, concealment of that relationship, their unusual concentrated purchases during the UPSI period, immediate sales after the open offer announcement, and absence of trading in other securities together justified the conclusion that UPSI was passed on. Case-Laws SEBI Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396338