SEBI has made a new rule, there will be no earthquake like Adani case in the stock market
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New Delhi (Best Hindu News): The Hindenburg Research report published on January 24, 2023, regarding Indian industrialist Gautam Adani’s Adani Group brought turmoil in the shares of the company. This had an impact on the stock market as well and due to this a period of decline started in the market itself. Due to this, there was a huge selloff in the shares and the investors in the stock market had to bear the loss. Market regulator SEBI has come up with an amazing rule so that this does not happen in the future.
In SEBI’s board meeting on Wednesday, it was decided that the country’s top-100 companies in terms of market capitalization will give an immediate statement on the rumors arising in the market. Either she will accept it or she will deny it. So that there is no impact on their shares.
After the board meeting, SEBI said in a press release that from October 1, 2023, the country’s top-100 companies will have to respond to rumors flying in the market. While next year from April 1, 2024, the top-250 companies of the stock market will have to do so.
SEBI has done this to bring more transparency in the working of companies, so that the effect of rumors on the market can be reduced. SEBI has stated that the purpose of making this rule is to set the standard of reality of the incident related to the rumor. However, SEBI has not released any metrics regarding this immediately. SEBI has made another rule for companies. They will have to inform the stock exchange about the decision taken in the meeting of the board of directors within 30 minutes.
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