30th January, 2018

 

NOTICE

 

Sub: Electronic book mechanism for issuance of securities on private placement basis

 

 

To all Listed Companies

 

Attention of such aforesaid listed companies are drawn to SEBI Circular Ref. No. SEBI/HO/DDHS/CIR/P/2018/05 dated January 05, 2018 (copy available at CSE web-site at www.cse-india.com and SEBI web-site at www.sebi.com) wherein

 

As per the aforesaid SEBI Circular “SEBI vide circular No. CIR/IMD/DF1/48/2016 dated April 21, 2016, mandated usage of electronic book mechanism for issuance of debt securities on private placement basis.”

Further in the said Circular it is also mentioned that “The revisions made to the existing framework are aimed at further streamlining the procedure for private placement of debt securities, allowing private placement of other classes of securities which are in the nature of debt securities and enhancing transparency in the issuance, resulting in better discovery of price. The revised guidelines for the Electronic Book Mechanism are placed at Schedule-A annexed to this circular.” 

As per this Circular, it shall come in to force with effect from April 01, 2018 and the SEBI circular CIR/IMD/DF1/48/2016 dated April 21, 2016 shall stand repealed from the date of the enforcement of this circular. 

 

This is for information and necessary action.

 

 

 

 

CS Chandrani Datta

Executive-Listing