SEBI held that post-allotment down-selling of privately placed debt securities to more than 200 investors changes their legal character. The key takeaway is that issuers must monitor transfers to avoid triggering public issue regulations.
SEBI Circular 2025/135 rationalizes Related Party Transaction (RPT) disclosure for listed entities. It exempts RPTs up to Rs.1 crore and sets basic disclosure for moderate-value transactions.
Summary of difference between Related Party Transactions (RPT) under Section 188 (requiring approval) and broader term ‘Transaction with a Related Party’ for compliance.
Overview of SEBI’s Chapter VA on corporate governance for high value debt listed entities with non-convertible debt securities of ₹1000 Crore or more.
