July 03, 2013 10:40 pm | Updated 10:40 pm IST - MUMBAI:
In a relief to non-banking lenders, the Reserve Bank of India, on Wednesday, said the proposal to have a minimum gap of six months for private placement of non-convertible debentures had been kept in abeyance for now.
The apex bank had last week issued a circular stating private placement of debt should not have more than 49 investors, and the minimum subscription from single investor should be Rs.25 lakh. It had also stipulated the time frame between two NCD issuances.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
