September 22, 2023 1:59 PM

SEBI provides flexibility to large corporates in raising funds through issuance of debt securities

The Securities and Exchange Board of India (SEBI) has decided to provide flexibility to large corporates in raising funds through issuance of debt securities for incremental financing needs. The decision was taken at SEBI’s board meeting held in Mumbai last evening. The board has approved to remove penalty on large corporates which are not able to raise a certain percentage of incremental borrowing from the debt market. The requirement for filing a statement identifying itself as a Large Corpo...