India Business News: Indian media company Zee Entertainment and digital payments firm Paytm have both established advisory committees to address accounting and financial c
The regulator had ordered the top 100 listed entities by market capitalisation and thereafter the top 250 listed entities to mandatorily verify and confirm, deny or clarify market rumours.
The deadline to confirm, deny, or clarify any market rumour reported in the mainstream media has been extended to February 1, 2024 for top 100 listed companies by market capitalisation, as per the circular.
India Business News: Capital markets regulator Sebi has extended the deadline for mandatory confirmation or denial of market rumours by listed companies. The deadline has
Sebi had in March this year approved a proposal to verify market rumours to strengthen corporate governance and disclosure framework. The move was based on the recommendations made in three consultation papers released by SEBI between November 2022 and February 2023. Prior to this, listed entities had it upon themselves to verify and respond to market rumours.