Sebi cuts face value of privately-placed debt securities to enhance participation
With the aim of increasing participation, the Securities and Exchange Board of India (Sebi) on Friday reduced the face value of debt securities, including non-convertible debentures, issued on a private placement basis to Rs 1,00,000 from Rs 10,00,000 earlier. The capital market regulator received requests from various market participants with respect to the reduction in … Read more