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<h1>SEBI Issues Framework for 'Unaffected Price' Calculation After Market Rumors; Compliance Begins June 2024 for Top Entities.</h1> The circular issued by SEBI outlines a framework for determining the 'unaffected price' of transactions following the confirmation of market rumors, as per amended regulations. Listed entities must verify market rumors within 24 hours of significant price movements. The unaffected price excludes the impact of these movements and rumor confirmations, and applies to the top 100 listed entities from June 1, 2024, and the top 250 from December 1, 2024. The framework includes calculating an adjusted volume-weighted average price (VWAP) and provides guidelines for its application based on transaction stages and subsequent rumors. Compliance is mandatory for listed entities.