Sebi proposes doubling threshold for identifying HVDLEs to Rs 1,000 cr

Quick Summary:

Markets regulator Sebi has proposed raising the threshold for identifying High Value Debt Listed Entities (HVDLEs) to Rs 1,000 crore from Rs 500 crore at present to reduce compliance burdens.

In its consultation paper, Sebi has proposed introducing a sunset clause that would end governance obligations if an HVDLE's outstanding debt falls below the threshold for a specified period, providing more flexibility.

Currently, an entity having outstanding value of listed non-convertible debt securities of Rs 500 crore and above are referred to as 'High Value Debt Listed Entities'.

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Category: BusinessFinance

Markets: India

Topics: Securities and Exchange Board of India Director Securities and exchange board of india NSE co-location scam Government Administration Activities Risk Management Committee Stakeholders Relationship Committee Nomination and Remuneration Committee Sahara India Pariwar investor fraud case

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:22:41 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23360953

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