Sebi has asked stock exchanges and brokers to disclose details about transactions in scrips where quantum of shares involved in deals was more than 0.5 per cent of the company’s equity shares listed on the bourse. This move is expected to contain huge volatility, price manipulation, insider trading and circular trading to some extent. Broking entities should provide details on deals in a scrip to stock exchanges where total quantity of shares (bought/sold) is more than 0.5 per cent of the number of equity shares of the company listed on the stock exchange.As of now, many investors who had price-sensitive information about impending mergers, takeovers and sale of units resort to insider trading to make a fast buck. ‘‘Even promoters themselves have done insider trading in many cases. and they deal in huge number of shares,’’ said a market source.
