ALSO READJio, Tata Tele among firms that understated revenues by Rs 14,000 cr: CAG Reliance Jio rebuts JioCoin reports, clarifies it has not launched any app RIL to spend another $23 bn on Jio over next 3-4 years, says Moody's Reliance Jio adds 7.3 mn subscribers in Oct, mkt leader Airtel adds 3.1 mn Reliance Communications gets bondholders' nod for asset sale to Jio
Indian companies have raised Rs 69 billion by issuing bonds through private placement on BSE's electronic book mechanism since Sebi's new guidelines came into effect from April 1.
Under the new norms, Sebi has made electronic platform mandatory for all private placement issues on debt basis that have a threshold of Rs 2 billion, a move aimed at achieving better and transparent price discovery through the bidding process.
Prior to that, the mechanism was mandatory for all private placements of debt securities with an issue size of Rs 5 billion or more.
Till date, five issuers have come up with seven issues of bonds and successfully raised Rs 69 billion on BSE Bond platform after the rollout of new norms, the exchange said in a statement issued on Tuesday.
Among the issuers were, Reliance Jio Infocomm and Dewan Housing Finance Corporation that have opted for the route to garner funds.
In 2017-18, 84 issuers raised Rs 2089.06 billion through 532 issues of bonds using the platform.