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.
After the oxygen crisis faced during the second wave of Covid-19, the BrihanMumbai municipal corporation (BMC) has now set up its own medical oxygen cylinder recharge projects. On Tuesday, guardian minister Aditya Thackeray launched two of the BMC’s new medical oxygen cylinders r
The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion (at a rate of $15,000 per second or $1.3 billion a day) during the first two years of a pandemic while the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty. A new
The Vistadome coaches on Central Railways have received an overwhelming response from passengers. Not only have they boosted tourism and registered an occupancy of 20,407 passengers but also clocked revenue of Rs.2.38 crore between October and December 2021. The CSMT-Madgaon-CSMT Jansh
India is once again caught in a spike of Covid-19 cases, with the highly transmittable omicron driving numbers. The total cases in the country continued to increase on Saturday, recording 2.68 lakh cases in 24 hours. India`s active caseload currently stands at 14,17,820 or 3.85%, while the r
Mantra and the meaning of Success By Rajesh Talwar Bridging Borders, 288 pages Rajesh Talwar, who works as Deputy Legal Adviser to the United Nations Mission in Afghanistan, has written 31 books, and on January 15 he is releasing one more. ‘
Essence of the Fifth Veda By Gaurang Damani Divine Destination, 234 pages, Rs 350 ‘Veda’ literally means ‘knowledge’.