Sebi Plans to Delist Inactive Penny-Stock Companies
India's market regulator, Sebi, plans to remove companies that have no real business activity from stock exchanges. It also plans to use AI-based surveillance to watch such firms. The aim is to protect investors, especially those buying penny stocks. The regulator has warned about the risks such inactive companies pose to the market.
Context
Penny stocks are shares of small companies priced very low, which are often volatile and hard to verify. Sebi is the regulator that oversees India's stock market, and delisting means a company's shares stop trading on an exchange.
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