Related-party transactions on the rise; Rs 2.68 trn await shareholder nod

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Related-party transactions on the rise; Rs 2.68 trn await shareholder nod - Business Standard

Quick Summary:

Tata Motors is seeking approval for a transaction of Rs 13,950 crore between its subsidiaries and Tata Autocomp Systems, a subsidiary of Tata Sons during FY25.

Related-party transactions for BSE-500 companies touched at least a six-year high of Rs 42.1 trillion in FY23, the Capitaline data shows.The Rs 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.

Some transactions shareholders will vote for this financial year include one for Rs 36,000 crore to be undertaken over FY24-25 and FY25-26, between Reliance Industries’ subsidiary and that of Jio Financial Services, for selling customer premises equipment/devices and telecom equipment.