India's top 100 listed companies must confirm/deny market rumors within 24 hours under SEBI's new rule.
India's top 100 listed companies must now confirm or deny market rumours within 24 hours, with this requirement extending to the top 250 companies from December 1. Under SEBI's new rule, companies must respond to reported events or information in the mainstream media that could indicate an impending specific material event. This move aims to exclude price volatility from average market price calculations and promote fairness in the stock market.
June 01, 2024
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