December 22, 2024 16:52 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait | German Christmas market car attack leaves 2 dead, Saudi Arabian doctor arrested | India, France come together to build world's largest museum in Delhi's Raisina Hill | Canada, US presented no evidence of Indians' involvement in purported criminal acts: Centre informs Parliament amid 'serious allegations' | Delhi Police Crime Branch to investigate FIR against Rahul Gandhi over Parliament tussle

NSE to offer Electronic Book Mechanism for issuance of debt securities on private placement basis

| | Jun 22, 2016, at 02:10 am
#NSE #Electronic Book Mechanism #Debt securities #Private placement
Mumbai,June 21 (IBNS): India's Capital Market regulator The Securities and Exchange Board of India (SEBI) has allowed India's leading stock exchange, the National Stock Exchange of India Limited (NSE) to act as an Electronic Book Provider to facilitate electronic book mechanism for issuance of debt securities on private placement basis.
This new mechanism is aimed at enhancing transparency to discover price.
 
This will be a bidding platform for issuance of debt securities on private placement basis. 
 
The salient features of this mechanism are to steamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices. 
 
The new mechanism will be operationalized from July 1. It is a bidding platform and will not function as a trading platform.
 
Main beneficiaries of this mechanism will be issuers, arrangers, sub-arrangers, and participants.
 
The Electronic book mechanism will be mandatory for all private placements of debt securities in primary market with an issue size of Rs.500 crore and above, inclusive of Green shoe option, if any.
 
Presently the issuance of private placement has been made Offline.  The detailed guidelines on electronic book mechanism will be provided subsequently.   

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am