Sebi mulls one-time listing window for unlisted NCDs
Synopsis
According to estimates, debt MF schemes held unlisted NCDs worth Rs 41,500 crore on March 31.
MUMBAI: The Securities and Exchange Board of India (Sebi) is considering an unprecedented one-time listing window for existing unlisted non-convertible debentures to ease stress at various mutual funds. Two people familiar with the matter said that mutual funds holding illiquid, lower-rated securities would be able to use this opportunity to offload them to buyers. The rise in risk aversion after the Covid-19 lockdown had made it very difficult
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