OVERVIEW OF INSIDER TRADING WITH SPECIAL EMPHASIS ON THE CASE OF HINDUSTAN UNILEVER VS SEBI

AUTHOR – PRIYANJANA BANDOPADHYAY, STUDENT AT AMITY UNIVERSITY, KOLKATA

BEST CITATION – PRIYANJANA BANDOPADHYAY, OVERVIEW OF INSIDER TRADING WITH SPECIAL EMPHASIS ON THE CASE OF HINDUSTAN UNILEVER VS SEBI, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (4) OF 2025, PG. 496-499, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

Insider Trading can be defined as the illegal or unlawful trading of securities from internal sources of the company based on confidential information, which would not be available to the public and hence causing the trader an unfair advantage. Infamous securities market players like Hiten Dala or Harshad Mehta were involved in Insider Trading Activities in the Indian Market, on the other hand, Players like Michael Milken and Dennis Levin were involved in the International Stock market. Insider Trading which is also classified as a white-collar financial crime has been subjected to legislations in India. The Securities Exchange Board of India (SEBI) has framed rules and regulation in the year 1992 and then revised the rules and regulations again in the year 2002. This paper deals with Insider Trading and the insider trading scandal surrounding the merger of Hindustan Unilever Limited and Brook Bond Lipton India Limited.

 KEY WORDS: Investment Law, Stakeholder Protection, Insider Trading, Material Information, SEBI, Unpublished Price Sensitive Information.