The framework as it allows entities to go ahead with M&As or fund raising activities without factoring in the spike in the stock price if the rumour appearing in any mainstream media is confirmed by the company within 24 hours
In my article on October 03, 2023, titled “Formation of Industry Standards Forum by SEBI - a pragmatic era in regulation implementation”, I had mentioned that SEBI has introduced a very pragmatic method of drafting standards for implementation of a regulation.
The Securities and Exchange Board of India (Sebi) has already issued detailed guidelines for verifying the rumours applicable to the top 100 listed companies from June 1.