Firms get flexibility on borrowing via bonds
Financial Express Mumbai|September 22, 2023
THE SECURITIES AND Exchange Board of India (Sebi) said on Thursday it would grant more flexibility to large companies for incremental borrowing via bonds, and will remove penalties on companies which were unable to meet the mandatory bond market borrowing quota.
Firms get flexibility on borrowing via bonds

The decision was taken at the board meeting of the Securities and Exchange Board of India (Sebi) held here on Thursday.

In a release, Sebi said it has raised the monetary threshold to define large corporates, and removed the penalty for not meeting the mandate-of raising at least 25% of incremental borrowings for a financial year through the capital markets. It has also decided to introduce incentives and moderated disincentives.

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