SEBI proposed revisions to related party transaction (RPT) rules, easing compliance for listed firms. The regulator suggested turnover-based thresholds to determine ‘material’ RPTs requiring shareholder approval, replacing the current ₹1,000 crore or 10% of turnover limit. This aims to address the ‘one-size-fits-all’ approach, especially for high-turnover companies.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader