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SEBI issues framework for issuance, listing and trading of perpetual non-cumulative preference shares

October 7, 2020
The market regulator, SEBI has come with additional framework related to issuance, listing and trading of Perpetual Non-Cumulative Preference Shares (PNCPS) and Innovative Perpetual Debt Instruments (IPDIs)/ Perpetual Debt Instruments (PDIs) which are proposed to be listed. The framework has included manner of issuance, investors, allotment size, trading lot size, and other requirements.
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