Listed Companies will have to make all business deals Public - SEBI
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Listed companies must disclose to the public all information on business deals and arrangements that have a bearing on their prospects.
Securities and Exchange Board of India (Sebi) last week tightened the listing obligations and disclosure requirements (LODR) regulations that mandated firms to reveal all contracts and arrangements pertaining to strategic, technical, manufacturing, and marketing tie-ups to boost transparency.
Till now, companies enjoyed the discretion of determining whether a piece of information or event would be 'material' enough to be disclosed to the public.
Securities and Exchange Board of India (Sebi) last week tightened the listing obligations and disclosure requirements (LODR) regulations that mandated firms to reveal all contracts and arrangements pertaining to strategic, technical, manufacturing, and marketing tie-ups to boost transparency.
Till now, companies enjoyed the discretion of determining whether a piece of information or event would be 'material' enough to be disclosed to the public.
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