NEW DELHI, Oct. 19, 2023 (TBINN)
Capital markets regulator S.E.B.I. today relaxed norms for borrowings through the issuance of debt securities large corporates to meet their financing needs.
Under the rule, entities qualified as large corporates are required to meet 25 per cent mandatory borrowing from bonds.
Large corporates are those that have an outstanding long-term borrowing of at least Rs 100 crore with a credit rating of ‘AA and above’ and have their debt securities listed on a stock exchange.