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NEW DELHI: Capital markets regulator Sebi has extended the deadline for mandatory confirmation or denial of market rumours by listed companies.
The deadline has been extended from October 1 this year to February 1, 2024 for the top 100 listed companies by market capitalisation. Similarly, for the top 250 listed entities, the rule will kick in on August 1, 2024, instead of April 1, 2024. The rule is aimed at strengthening the corporate governance of listed entities.
In June, Sebi notified rules asking listed companies by market capitalisation to confirm, deny, or clarify any market rumour reported in the mainstream media.
The deadline has been extended from October 1 this year to February 1, 2024 for the top 100 listed companies by market capitalisation. Similarly, for the top 250 listed entities, the rule will kick in on August 1, 2024, instead of April 1, 2024. The rule is aimed at strengthening the corporate governance of listed entities.
In June, Sebi notified rules asking listed companies by market capitalisation to confirm, deny, or clarify any market rumour reported in the mainstream media.
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