SEBI approves draft proposal for debt securities

Mumbai, Jan 30 (UNI) Market regulator Securities Exchange Board of India (SEBI) today approved the draft proposal for debt securities and public offers aimed at bringing more transparency in the equity market.

Addressing a press conference after the Board meeting here today, SEBI Chairman M Damodaran said, ''The Board has decided to ease the disclosure norms for the existing debt market securities and has cleared the draft proposal for listing of debt securities.'' Stating that information regarding intermediaries are vital and need to be made public, he said SEBI is working to produce detailed rules for listing public offers.

In addition, the Board said it was working to make Mutual Funds investment more cheaper for the retail investors. SEBI has also authorised the removal of initial issues free for close-ended mutual funds, he added.

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