Thursday October 17 2024
News Source: Global Exchanges
Focus: Fixed Income
Type: General
Country: India
On 16th October 2024, the Securities and Exchange Board of India (SEBI) has announced the introduction of Liquidity Window facility framework in debt securities through Stock Exchange mechanism.
The Liquidity Window facility can be provided only for prospective issuances of debt securities through public issue process or on a private placement basis (proposed to be listed). The Issuer shall provide Liquidity Window facility only after the expiry of one year from the date of the issuance of the debt securities.
The Issuer shall specify eligibility of investors who can avail of the Liquidity Window facility whether the facility shall be available to all investors in the debt securities or only to retail investors in the debt securities. Eligible investors desirous of availing of the liquidity window shall be required to hold the debt securities in demat form.
The provisions shall be applicable on and from November 01, 2024
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