Earthquake like Adani case will not come in the stock market now, SEBI made a new rule

After the report of Hindenburg Research, there was not only an earthquake in the shares of Adani Group. Rather, there was devastation in the entire stock market itself. To save stock investors from this danger, now SEBI has made a tremendous rule.

Recently, when Hindenburg Research brought out a report against Adani Group, the entire Indian stock market was shaken by it. This report not only brought Adani Group's shares in a bad condition, but it started a period of decline in the market itself. The effect of this was that there was a huge selloff in the shares and the investors had to suffer losses in the stock market. 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.

October 1 will be necessary to answer

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 the rumors floating 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 told the purpose of making this rule is to set the standard of reality of the incident related to the rumor. Although SEBI has not issued any kind of metrics regarding this immediately.

Decisions of board meeting will have to be told soon

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.

Adani and the Hindenburg-Kane case

First America's short seller company Hindenburg Research released a report regarding Gautam Adani's companies. On the other hand, the latest case is about the report of 'The Ken'. In the report of Hindenburg Research, where Adani Group was talked about exaggerating the share value of its companies and committing accounting fraud.

At the same time, in the report of 'The Kane', questions were raised regarding the loan repayment of Adani Group. The effect of both these incidents was visible on the stock market. After the report of Hindenburg Research, the market capitalization of Adani Group fell by more than 50 percent.