This article analyses SEBI's Unaffected Market Price Framework. According to LODR norms, the unaf-fected price must be considered for transactions subject to SEBI or stock exchange pricing norms, pro-vided a rumour related to such a transaction is confirmed within 24 hours of a material price move-ment trigger. The write-up addresses the following key aspects:
‣ Background
‣ Applicability of Framework
‣ Calculation for Determination of 'Unaffected Price'
‣ Norms Relating to Adjustment for Price Variation
‣ Applicability of Unaffected Price and its Period
‣ Multiple Rumours
‣ Illustration on Applicability of 'Unaffected Price'
‣ Conclusion