Sebi modifies reporting timelines for commercial paper payment obligations

Sebi has revised the reporting timeline for entities with listed commercial papers to disclose their payment obligations within one working day of the due date. This change aligns with the requirements for non-convertible securities, enhancing transparency and ensuring timely disclosures. The new rule applies to payments of interest, dividends, or principal redemption.

from Stocks-Markets-Economic Times https://ift.tt/ZSAwLM1