Provisions Pertaining to the Denomination of Issuance and Trading of Non-Convertible Securities

In order to enhance ease of doing business and to give impetus to the secondary market for corporate bonds through increased participation and enhancement of liquidity, SEBI in August 2021 prescribed provisions pertaining to the denomination of issuance and trading of non-convertible securities and also reduced the face value of each debt security or non-convertible redeemable preference share issued on a private placement basis from ₹10 lakh to ₹1 lakh vide circular dated October 28, 2022.