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.
Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Ace investor Madhusudan Kela’s funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment