PolicyET Techabout 2 hours ago
Sebi Plans AI Surveillance for Firms
1 min read
Sebi chairman Tuhin Kanta Pandey announced plans to use an artificial intelligence-based system to monitor companies with minimal economic activity. This move aims to delist inactive firms and protect investors, particularly those buying penny stocks that recently fell 35-70% in value. The regulator also intends to issue a consultation paper on foreign institutional investor compliance within weeks.
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