India's markets regulator proposes to relax limits for approval, disclosure of related-party transactions
The proposed system would raise the transaction threshold to up to 50 billion rupees ($570.7 million) from the current limit of 10 billion rupees, the Securities and Exchange Board of India (SEBI) said in a draft consultation paper published on Monday.
The regulator also plans to relax disclosure norms for related-party transactions valued at less than 150 million rupees, it said in the paper.
($1 = 87.6090 Indian rupees)
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