SEBI UPDATE
Electronic book mechanism for issuance of debt securities on private placement basis
In order to streamline procedures for issuance of debt securities on private placement basis and enhance transparency to discover prices, SEBI laid down a framework for issuance of debt securities on private placement basis through an electronic book mechanism whereby this electronic book mechanism would be mandatory for all private placements of debt securities in primary market with an issue size of Rs.500 crores and above, inclusive of green shoe option, if any
