MUMBAI: Capital market regulator Securities and Exchange Board of India (SEBI) has extended the timeline for verification of market rumours by listed entities.
Under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the top 100 listed entities by market capitalization were with effect from October 1, 2023, and the top 250 listed entities by market capitalization with effect from April 1, 2024, were to mandatorily verify and confirm, deny or clarify market rumours.
Now, SEBI has decided to extend the effective date of implementation for the top 100 listed entities by market capitalization, to February 1, 2024, and for the top 250 listed entities by market capitalization, to August 1, 2024.