Reduction in denomination for debt securities and non-convertible redeemable preference shares

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....benture Trustees, Merchant Bankers, Registrars to an Issue and Share Transfer Agents and Bankers to an Issue Madam/ Sir, Sub: Reduction in denomination for debt securities and non-convertible redeemable preference shares (Revision in Chapter V of the Operational Circular for issue and listing of Non-convertible Securities, Securitised Debt Instruments, Security Receipts, Municipal Debt Securiti....

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....ue and trading lot is reduced, more investors can participate, which in turn will enhance the liquidity in the corporate bond market. 4. Accordingly, the following amendments are being made in Chapter V (Denomination of issuance and trading of Non-convertible Securities) of the Operational Circular: Paragraph 1.1. shall be replaced with the following: 1.1. The face value of each debt security o....