SEBI issued a circular modifying provisions related to ...
SEBI Mandates Electronic Book Provider Platform for Debt Securities and NCRPS Over Rs. 20 Crore Issuance
May 19, 2025
Circulars SEBI
SEBI issued a circular modifying provisions related to Electronic Book Provider (EBP) platform for private placement of securities, effective from the circular date. Key modifications include: mandatory EBP platform usage for debt securities and non-convertible redeemable preference shares (NCRPS) with issue size of Rs. 20 crore or more, revised anchor investor allocation thresholds based on instrument ratings, updated disclosure requirements, and standardized timelines for in-principle approval and listing. Specific clauses will be implemented in phased manner - some within 3 months and others within 6 months from circular date. The circular aims to enhance efficacy and utility of the EBP platform while protecting investor interests in securities market.
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