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Sebi plans to tighten encumbrance disclosure norms

Updated : June 24, 2019 07:04 PM IST

The proposed norms would cover disclosure about all direct and indirect pledging of all types of securities and undertakings in their group or associate entities by promoters of listed companies, officials said.
According to a CRISIL report, total value of shares pledged by promoters is more than Rs 2 lakh crore and involve over 800 companies.
Sebi plans to tighten encumbrance disclosure norms

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