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repealed from the date of the enforcement of this circular.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