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Rumour verification deadline to be extended, still gathering data for delisting norms: Sebi s Buch

The deadlines to implement the rumour-verification proviso under Sebi s Listing Obligations and Disclosure Requirements (LODR) Regulations were February 1, 2024, for the top 100 companies by market capitalisation and August 1, 2024, for the top 250 companies.

Material price movement not material event to be considered for rumour verification, proposes SEBI

According to the consultation paper, the top 100 listed companies will have to verify market rumours from February 1, 2024, while the top 250 firms will have to do the same from August 1, 2024

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