Investors grill Hinduja Global management over loans to group companies in earnings call

Corporate governance experts pointed out that such practices do raise concerns. Shriram Subramanian, founder, Ingovern, a proxy advisory firm, said, “Related party transactions, not in the ordinary course of business, raises red flags and in this case, they are not being very transparent about it.”

Disclosure has come late as well, he added.

https://www.moneycontrol.com/news/business/investors-grill-hinduja-global-management-over-loans-to-group-companies-in-earnings-call-5690801.html