NEW DELHI: The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) have received approval from the Securities and Exchange Board of India (Sebi) to launch electronic book mechanism for issuance of debt securities on a private placement basis. The mechanism will increase efficiency, transparency of the price-discovery mechanism and improve liquidity in the secondary market. It will come into effect from July 1, 2016.
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Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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