RELATED-PARTY TRANSACTIONs - ₹2.68 trn awaits shareholder nod next week
Business Standard|June 22, 2024
Shareholders of industry giants Adani Enterprises, Reliance Industries, and Tata Motors the latter two are part of the Sensex - will decide on combined related-party transactions of more than 2.68 trillion proposed for this financial year and later.
AMRITHA PILLAY

Related-party transactions for BSE 500 companies touched at least a six-year high of 42.1 trillion in FY23, the Capitaline data shows.

The 42.1 trillion includes related-party transactions both at balance-sheet and profit-and-loss levels.

Adani Enterprises, Reliance Industries, and Tata Motors have been some of the main non-banking companies to report higher related-party transactions in the past. For FY25, Adani Enterprises is seeking shareholder approval for relatedparty transactions worth ₹1.04 trillion, as part of the resolutions at the upcoming annual general meeting (AGM) on Monday.

Tata Motors will put up a proposal for more than ₹89,000 crore to shareholder vote the same day.

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