SEBI LODR Norms Amended: 100% security cover to be maintained to discharge principal and interest
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- Last Updated on 13 April, 2022
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Notification No. SEBI/LAD-NRO/GN/2022/79, Dated 11.04.2022
SEBI has notified the SEBI (LODR) (Third Amendment) Regulations, 2022. Regulation 54 has been amended requiring listed entities to maintain 100% security cover or higher security cover sufficient to discharge the principal and interest. The extant Regulation 54 requires a listed entity to maintain 100% asset cover or higher asset cover sufficient to discharge the principal amount for the non-convertible debt securities.
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