09/27/2022 | Press release | Distributed by Public on 09/27/2022 10:18
Notice No. | 20220927-43 | Notice Date | 27 Sep 2022 | |||
Category | Circulars Listed Companies | Segment | Debt | |||
Subject | Issue and listing of Commercial by Paper listed InvITs. | |||||
Attachments | Commercial Paper-InvIT.pdf ; | |||||
Content |
Dear Sir\Madam
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The Securities and Exchange Board of India (SEBI) has issued circular no. SEBI/HO/DDHS/DDHS_Div3/P/CIR/2022/123 dated September 22, 2022, regarding issue and listing of Commercial by Paper listed InvITs.<_o3a_p>
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It has been decided that InvITs may issue listed Commercial papers subject to the following:<_o3a_p>
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· InvITs shall abide by the guidelines prescribed by Reserve Bank of India for issuance of commercial papers.<_o3a_p><_o3a_p>
· InvITs shall abide by the conditions of listing norms prescribed by SEBI under SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and circulars issued thereunder.<_o3a_p><_o3a_p>
· The issuance of listed CPs shall be within the overall debt limit permitted under SEBI (Infrastructure Investment Trusts) Regulations, 2014.<_o3a_p><_o3a_p>
The aforesaid circular is attached for reference.<_o3a_p>
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All Listed companies are requested to take note and comply accordingly. <_o3a_p>
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Ashok kumar Singh |
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Nisha Mehta |
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September 27, 2022 <_o3a_p>
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