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Sebi Extends Timeline For Verification Of Market Rumours By Listed Entities
Now, Sebi has decided to extend the effective date of implementation for the top 100 listed entities by market capitalisation to 1 February 2024
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Capital market regulator Securities and Exchange Board of India (Sebi) has extended the timeline for verification of market rumours by listed entities.
Under Sebi (Listing Obligations and Disclosure Requirements) Regulations 2015, the top 100 listed entities by market capitalisation were with effect from 1 October 2023 and the top 250 listed entities by market capitalization with effect from 1 April 2024, were to mandatorily verify and confirm, deny or clarify market rumours.
Now, Sebi has decided to extend the effective date of implementation for the top 100 listed entities by market capitalisation, to 1 February 2024 and for the top 250 listed entities by market capitalisation, to 1 August 2024. (ANI)