An exclusive
placement, comparatively than a public affair, is the markets regulator’s favored
route to start trading in securities receipts issued by asset reorganization companies
(ARCs).
Only
certain “qualified buyers” will be approved to trade in them, and the minimum
lot size will be Rs10 lakh. The motive is to allow only abreast bankers to
trade in these securities.
A cabinet
set up by the Securities and Exchange Board of India (Sebi) has made this
endorsement, and the regulator’s board meeting on 28 December approved them,
minutes of the meeting published on the Sebi website on Monday showed.
Read More:- More Updates
No comments:
Post a Comment