Comment on SEBI's market rumour circular for top 100 companies to come into effect tomorrow June 1, 2024 by Makarand M. Joshi, founder, MMJC and Associates - a corporate compliance firm
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Below the Comment on SEBI's market rumour circular for top 100 companies to come into effect tomorrow June 1, 2024 by Makarand M. Joshi, MMJC and Associates - a corporate compliance firm
“ The regulator through its newly introduced rumour verification framework will exclude the price volatility in arriving at average market price for the purpose of corporate actions making it fair for all investors at large. The move would dissuade leaking of information that would affect the valuation in the given corporation action. This initiative of SEBI would help strengthen the rumour verification framework. It would help in achieving fair market thereby making it a preferred market for investors all over the world"
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