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Khaitan & Co advises Graphite India on sale of land to Subsidiaries of Tata Realty and Infrastructure

Graphite India has sold 25 acres of land at Whitefield Road, Bengaluru for a total consideration of ₹986 crore in favour of wholly owned subsidiaries of Tata Realty and Infrastructure Limited. ....

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India Inc may feel heat of new governance norms, higher compliance

India Inc is staring at significantly higher compliance and governance costs, following the Securities and Exchange Board of India s (Sebi s) latest tightening of disclosure norms and regulations around the filling of key positions, the materiality of information, and third-party transfers.

Recently, the securities market regulator amended the Listing Obligations and Disclosure Requirements (LODR) to introduce a raft of changes that will affect how listed companies go about transparency and disclosures.

The new framework will further empower public shareholders and soon move towards a comply or be penalised regime or comply or explain in the case of high-value debt-listed entities. ....

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