SEBI Mandates Listing of Subsequent Issuances of Outstanding Non-convertible Debt Securities
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- Last Updated on 22 September, 2023
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Notification No. SEBI/LAD-NRO/GN/2023/151, Dated: 19.09.2023
SEBI has notified an amendment to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A new regulation 62A has been inserted after regulation 62. The new regulation states that a listed entity whose subsequent issues of the unlisted non-convertible debt securities made on or before 31.12.2023 are outstanding may list such securities on the stock exchanges.
Further, a listed entity whose non-convertible debt securities are listed must list all such securities proposed to be issued on or after 01.01.2024 on the stock exchanges.
Also, a listed entity that proposes to list the non-convertible debt securities on the stock exchanges on or after 01.01.2024 must list all outstanding unlisted non-convertible debt securities previously issued on or after 01.01.2024 on the stock exchanges within 3 months from the date of the listing of the non-convertible debt securities proposed to be listed.
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