As a debate continues about initial public offer (IPO)-bound airline IndiGo doling out hefty dividend payouts to its promoters, markets regulator Sebi is mulling making it must for all listed companies to have a stated 'Dividend Policy'.
The move is aimed at helping the investors identify stocks with greater return potential, but the proposed 'Distribution Distribution Policy' would not mean forcing the companies to pay the dividend, a senior official said. Rather, it would require the listed companies as also those looking to get listed through the IPO route to state the circumstances under which their shareholders can or cannot expect a payout, he added. InterGlobe Aviation, which runs the low-cost air carrier IndiGo, has faced criticism from some quarters in recent days.