Markets regulator Securities and Exchange Board of India (SEBI) Thursday approved a proposal to provide flexibility in the framework for large corporates (LCs) for meeting their incremental financing needs through issuance of debt securities.
The regulator in its board meeting held on Thursday announced a set of measures to provide flexibility to the existing LC framework. It had issued a consultation paper in August this year on ‘Review of framework for borrowings by Large Corporates’.
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