• About us
  • Contact us
  • Our team
  • Terms of Service
Sunday, July 13, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Sebi comes out with uniform timeline for listing securities on private placement basis 

Press Trust of india by Press Trust of india
October 6, 2020
in BUSINESS
A A
0
Sebi extends relaxation in procedural requirements for open, buyback offers
FacebookTwitterWhatsapp

New Delhi: Markets regulator Sebi on Monday came out with a uniform time period for listing securities, including municipal bonds, issued on private placement basis.

The timeline will be applicable for non-convertible redeemable preference shares, debt securities, securitised debt instruments and security receipts and municipal bonds, Sebi said in a circular.

Related posts

London-bound AI plane with 242 on board crashes near Ahmedabad airport, chances of survivors slim

Air India crash report points to fuel flow cut off, confusion among pilots

July 12, 2025

Pilots’ grouping ALPA India seeks fair, fact-based probe into AI plane crash

July 12, 2025

The move comes after the regulator received several requests from various market participants for clarification on the time period within which such securities need to be listed after completion of allotment.

After taking feedback from market participants, Sebi has decided that allotment of securities will be completed by T+2 trading days after receiving funds.

T day refers to closure of the issue.

It further said issuer needs to make listing application to stock exchanges and obtain approval from the bourses by T+4 trading day.

In case of delay in listing of securities issued on private placement basis beyond the timeline, the issuer will pay penal interest of 1 per cent per annum over the coupon rate for the period of delay to the investor (i.e. from date of allotment to the date of listing), Sebi said.

In addition, issuer will be permitted to utilise the issue proceeds of its two subsequent privately placed issuances of securities only after receiving final listing approval from stock exchanges, it added.

According to the regulator, depositories will activate the ISINs (International Securities Identification Numbers) of debt securities issued on private placement basis only after the stock exchanges have accorded approval for listing of such securities.

Further, in order to facilitate re-issuances of new debt securities in an existing ISIN, depositories have been asked to allot such new debt securities under a new temporary ISIN which will be kept frozen.

ISIN code, which has 12 characters, is used for uniquely identifying securities like stocks, bonds warrants and commercial papers.

After receiving listing approval from stock exchange for such new debt securities, Sebi said, “the debt securities credited in the new temporary ISIN shall be debited and the same shall be credited in the pre-existing ISIN of the existing debt securities, before they become available for trading”.

Stock exchanges have been asked to inform the listing approval details to the depositories whenever listing permission is given to debt securities issued on private placement basis.

The direction will come into force with effect from December 1, 2020, the Securities and Exchange Board of India (Sebi) said.

Previous Post

Money collected from compounding of offences to be used for social security fund: Gangwar

Next Post

SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

Press Trust of india

Press Trust of india

Next Post
Plea in SC seeks relaxing of medical expenses for non-Covid-19 treatment

SC asks Centre, RBI to file Kamath panel suggestions, their decisions on loan moratorium

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: kashmirimages123@gmail.com

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.