India will allow publicly-issued debt to be traded in the institutional market along with non-publicly issued debt, the stock market regulator said on Thursday, seeking to increase market liquidity.
Securities and Exchange Board of India (Sebi) chairman U.K. Sinha had told reporters at the sidelines of an industry event on Tuesday that they would come up with measures to increase liquidity in debt trading within a couple of days.
The Sebi circular said market participants can now trade publicly-issued debt for a minimum lot size of Rs 10 crore while the exchange may separately provide for trading smaller lot sizes of a minimum Rs 10 lakh.
Copyright: Thomson Reuters 2013
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