Power Grid Corporation of India announced that it has been declared as a successful bidder under tariff based competitive bidding (TBCB) to establish inter-state transmission system in Madhya Pradesh (MP).
Sebi amends rules to streamline process for public issuance of debt securities (19-09-2024)
Markets regulator Sebi has amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.
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The Nifty Bank index closed 0.54 per cent up at 53037.6.
Sebi amends rules to streamline public issuance of debt securities (19-09-2024)
Markets regulator Sebi has amended rules to streamline the process for public issuance of debt securities aimed at providing faster access to funds for such issuers.
Under the amended rules, Sebi has reduced the period for seeking public comments on the draft offer documents from 7 working days to 1 day for issuers whose specified securities are already listed and 5 days for other issuers.
“The issuers whose specified securities are listed on a recognised stock exchange having nationwide trading terminals shall post the draft offer document filed with stock exchange(s) for one day immediately after the date of filing the draft offer document with stock exchange(s),” the regulator said in a notification.
Also, the minimum subscription period has been cut from 3 to 2 working days. Further, in case of revision in the price band or yield, the bidding period disclosed in the offer documents, can be extended by one working day instead of three working days.
The new rules are aimed at …
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