Sebi reduces time period for listing of debt securities issued on a private placement basis to three days
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
Please Rate this article, so that we can improve the quality for you -