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Listed entities need to make disclosures on defaults in payment of interest on loans

November 21, 2019
In order to address the gaps in availability of information with respect to defaults, the Board has decoded that in case of default in repayment of principal or interest on loans from banks or financial institutions which continues beyond 30 days from the pre-agreed payment date, listed entities shall, promptly, but not later than 24 hours from the 30th day, disclose the fact of such details.
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