It was alleged that Kanwar was involved in the discussions and was aware of undisclosed price-sensitive information (UPSI) regarding the company’s financial results till the date of public announcement.
UFO Moviez India Ltd is a digital cinema satellite distribution network and cinema advertising platform in India. It provides movie content through a satellite cinema distribution network using the UFO-M4 platform and the D-Cinema network. It earns revenue from advertisers through in-cinema advertising, film producers and distributors for the secure delivery and screening of their films and exhibitors, and equipment rental and sales of digital cinema equipment and consumables.
Source: Raaja Kanwar, The UFO Moviez Promotor Settles The Case Of Insider Trading With SEBI – Inventiva