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JC - Legal Updates - Corporate Bond Investment - ticket size slashed to INR 1 Lakh by SEBI

Legal Updates

31 Oct 2022

Corporate Bond Investment - ticket size slashed to INR 1 Lakh by SEBI

Brief Overview:

The minimum face value for the listed non-convertible debentures (‘NCDs’) and non-convertible redeemable preference shares being issued on a private placement basis lowered from INR 10 Lakhs to INR 1 Lakh.

Technical Details:

The issuers of listed NCDs will be able to issue them with lower face value from 1st January 2023. This move of lowering the ticket size of investment will encourage more participation from retail and non-institutional investors.

This change is introduced by the Securities and Exchange Board of India vide its circular dated 28th October 2022.

For further details, please see:

SEBI | Issuance of NCS

For any queries / clarifications, please feel free to ping us and we will be happy to chat:

●  Ms. Apurva Kanvinde(apurva.kanvinde@jclex.com)

●  Mr. Smit Parekh (smit.parekh@jclex.com)