Sebi asks companies to give more details on related-party deals - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Sebi asks companies to give more details on related-party deals

The Securities and Exchange Board of India (Sebi) said on Tuesday companies should disclose more details to shareholders about related-party transactions while seeking their nod. The regulator said in a circular that listed companies have to provide justification on why the proposed transaction is in their interest.

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