Sebi to delist penny stocks: Market regulator plans AI-based surveillance of such firms
· economictimes.indiatimes.com
The Securities and Exchange Board of India plans to delist companies that have no economic activity. This move aims to protect investors, especially those investing in penny stocks. The regulator highlights the potential dangers posed by such inactive companies in the market. Additionally, Sebi intends to announce compliance requirements for foreign institutional investors soon.
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