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Zee sets up advisory panel to tackle market rumours

India Business News: Indian media company Zee Entertainment and digital payments firm Paytm have both established advisory committees to address accounting and financial c

Heard on the street! Sebi extends deadline for top corporates to either confirm or deny market rumours

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.

market rumours: Sebi notifies disclosure rules; extends timeline for confirmation or denial of 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.

Sebi: Sebi extends deadline on market buzz

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

market rumours: Sebi extends timeline for mandatory verification of market rumours by listed entities

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.

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