Electronic book mechanism for issuance of debt securities on private placement basis
GN Bureau | July 1, 2016
Securities and exchange board of India (SEBI) has issued a circular dated April 21, 2016, wherein the use of an electronic book mechanism (EBM) has been made mandatory from July 1, 2016 for issuance of debt securities on private placement basis in the primary market with an issue size of Rs. 500 crores and above, inclusive of the green shoe option.
The circular stated that the EBM shall be provided by the recognised stock exchanges. Pursuant to this, Bombay stock exchange and national stock exchange of India limited have been granted approval by SEBI to act as an electronic book provider (EBP) and both these exchanges have informed that they have brought such EBM into operation and the platform is ready for issuance of debt securities on private placement basis.
All the issuers of debt securities and market participants are hereby informed that they shall mandatorily make such private placement offer only through the EBM for their issuances with effect from July 1, 2016.
For issues, having issuance size below Rs. 500 crores, inclusive of green shoe option, if any, the issuer shall disclose the details to the EBP and/ or to the information repository for corporate debt market.
How many times a day do you flush the toilet? This number is probably between five and eight times for an average person. How many times a day do you spare a thought towards what happens to the human waste after you flush it away? The answer to this is likely to be close to zero for most people.
Hailing from Satara district of Maharashtra, Eknath Sambhaji Shinde had to leave his education midway to financially support his family. He worked as an auto rickshaw driver, a lorry driver and also said to have worked in a brewery before he came in contact with Anand Dighe, Shiv Sena’s Thane unit pr
Former Maharashtra chief minister Davendra Fadnavis stunned all at a press conference Thursday and named Eknath Shinde, the rebel MLA from Shiv Sena, as the next chief minister. Though Fadnavis said he would stay out of the government, a few hours later the BJP leadership announced he would be the deputy c
Minutes after the Supreme Court ordered a floor test on Wednesday night, Uddhav Thackeray in a televised address resigned as the chief minister of Maharashtra and also as a member of legislative council (MLC). He later drove down to Raj Bhavan and tendered his resignation to the governor Bhagat Singh Koshi
The gig economy has arrived in India, as the Covid-19 pandemic has propelled a flexibility of employment. As many as 77 lakh workers were engaged in the gig economy, constituting 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India. The gig workforce is expected to expand to 2.35
From obtaining an electricity connection to a driver`s licence, ration card, or old-age allowance, delivery of government schemes and services is an aspect of governance that impacts citizens at various points throughout their lives. The Haryana state government provides over 600 such schemes and services.