In its board meeting of 28 June 2023 (Board Meeting), the Securities and Exchange Board of India (SEBI) approved the mandatory listing of non-convertible debt securities (NCDS) by listed issuers having outstanding listed NCDS, with effect from 1 January 2024. (To read our earlier update on this development, click here.)
Consequently, SEBI amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations) on and with effect from 19 September 2023.
The aforesaid amendments are aimed at:
The key amendments to the LODR Regulations are:
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