This is because market regulator Securities and Exchange Board of India (Sebi) in its board meeting last week has decided to make it mandatory for the top 100 listed companies by market capitalisation to confirm or deny market rumours that impact their stock prices.
Sebi plans comprehensive review of rules governing SME IPOs
Sebi plans a comprehensive review of IPO rules for small and medium companies. Market making and underwriting systems are identified as areas needing attention. A