SEBI vide circular dated July 03, 2024 has announced reduction in denomination of debt securities and non-convertible redeemable preference shares. Market participants have expressed that lower ticket size of debt securities may encourage more non-institutional investors to participate in the corporate bond market which in turn may also enhance liquidity.
The minimum face value of a listed debt security or non-convertible redeemable preference share issued on private placement basis traded on a stock exchange or OTC basis is reduced from Rs. One lakh to Rs. Ten thousand.