SEBI Extends the Compliance Period of Fund Raising by Large Corporates by Issuance of Debt Securities
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- By Chetan Kulasri
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- Last Updated on 3 April, 2023
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Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/049 dated 31.03.2023
Earlier, the SEBI vide circular dated Aug 10, 2021 mandates large corporates to raise minimum 25% of their incremental borrowings in a F.Y. through issuance of debt securities. This requirement has to be met over a contiguous block of 2 years from F.Y. 2021-22 onwards. SEBI has received various representations from market participants to extend the same. Therefore, it has been decided that the contiguous block of 2 years will be extended to 3 years to be reckoned from FY 2021-22 onwards.
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