Electronic Book for Primary Market Debt Offering through private placement

By | December 3, 2015

Proposal for seeking approval for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”

The Board considered and approved the proposal for initiation of public consultation process on introduction of “Primary Market Debt Offering through private placement on electronic Book”. The key benefits of such an electronic platform, inter-alia, are improvement in efficiency and transparency of the price discovery mechanism vis-à-vis the extant over-the-telephone market coupled with possible  reduction of cost and time taken for such issuances.

It is proposed that such an electronic book may be created by entities to be named as Electronic Book Providers (EBPs).Entities such as stock exchanges, depositories and Merchant Bankers with net worth above Rs.100 crore may apply to SEBI for setting up EBPs.

Source : Extract from SEBI Board Meeting   PR No. 283/2015 Dated 30.11.2015

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