Spooked by Sebi, dealers set to petition market regulator against new norms
On January 5, Sebi made Electronic Book Platform (EBP) compulsory for all corporate bond primary issues of Rs 200 crore. EBP is a bidding mechanism for bond sales on a private placement basis on stock exchanges.
Public-sector companies, spooked by Securities Exchange Board of India’s (Sebi) new settlement process for corporate bond primary issues, is set to meet the market regulator’s whole time director Gurumoorthy Mahalingam today. Image source: Reuters