Top 100 Companies: Market regulator SEBI has taken a big decision to curb rumours. To protect the interests of investors, SEBI has directed the top 100 companies listed in the market to clarify the speculations about the stock market in media reports. These 100 companies have been selected on the basis of market cap. This new rule has come into effect from Saturday, June 1. 250 top companies will come under the purview of this rule from December 1.
100 big listed companies will have to take responsibility
Under the new SEBI rule, these 100 companies will have to confirm, deny or clarify any incident or information reported in the media that may affect the market and investors. These companies will have to do this work within 24 hours. SEBI is trying to ensure that rumors do not have any negative impact on investments in the stock market. This framework of SEBI will protect investors from the fluctuations in the market due to rumors. It will also make companies more accountable to investors.
Investors’ confidence will strengthen on Indian market
According to market experts, this step will prevent the leakage of information that can affect the valuation of companies. This will make the stock market more transparent and fair. This initiative of SEBI will strengthen the trust of not only domestic but also foreign investors on the Indian market. The turmoil caused by rumors while taking decisions like buyback, QIP, preferential allotment and acquisition by companies can be curbed.
There will be no chaos during trading due to rumours
Rumours spreading in the stock market can cause instability in the price of shares. Due to these, transactions are affected. Many times companies and investors suffer huge losses due to these rumours. Now SEBI has implemented a new system to solve these problems. This will not only curb rumours but also there will be no fluctuation in prices due to them during trading.
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