07/15/2024 | Press release | Distributed by Public on 07/15/2024 03:28
Notice No. | 20240715-7 | Notice Date | 15 Jul 2024 | |||
Category | Circulars Listed Companies | Segment | Debt | |||
Subject | Reduction in denomination of debt securities and non-convertible redeemable preference shares in denomination of debt securities and non-convertible redeemable preference shares | |||||
Attachments | Reduction in denomination of debt securities.pdf ; | |||||
Content |
Dear Sir \ Madam
The Securities and Exchange Board of India (SEBI) has issued circular No. SEBI/HO/DDHS/DDHS-PoD-1/P/CIR/2024/94 dated July 3, 2024, regarding reduction in denomination of debt securities and non-convertible redeemable preference shares. <_o3a_p>
By this circular Chapter V (Denomination of issuance and trading of Non-convertible Securities) of the Master Circular no. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, (hereinafter referred as 'Master Circular') has been modified.<_o3a_p>
The provisions of this circular shall be applicable to all issues of debt securities and non-convertible redeemable preference shares, on private placement basis that are proposed to be listed from the date of issuance of this circular.<_o3a_p>
The aforesaid circular is attached for reference.<_o3a_p>
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All Listed companies are requested to take note and comply accordingly. <_o3a_p>
Manu Thomas |
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Shyam Bhagirath |