Sebi reduces time period for listing of debt securities issued on a private placement basis to three days

Tags: Economy/Finance

Capital markets regulator  Securities Exchange Board of India (SEBI) has  reduced the timeline for listing of debt securities issued on a private placement basis to three days(T+3). Currently, the timeline is four days (T+4) and the latest move would also expedite the availability of securities for trading by the investors. T refers to issue closure date.

The new guidelines would come into effect from January 1, 2023.

Earlier in October SEBI reduced the face value of debt security and non-convertible redeemable preference shares issued on private placement basis to Rs 1 lakh from the current Rs 10 lakh.  It will also be applicable from 1 January 2023.

SEBI Chairperson: Madhabi Puri Buch