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<h1>SEBI Amends Guidelines: Listed Companies Can Offer NCDs with Warrants to QIBs; Immediate Compliance Required.</h1> The Securities and Exchange Board of India (SEBI) has amended Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000, allowing listed companies to offer Non-Convertible Debentures (NCDs) with warrants to Qualified Institutional Buyers (QIBs). These amendments enable QIBs to subscribe to either the combined offering or individual instruments (NCDs or warrants). Companies must obtain relaxation from specific provisions of the Securities Contracts (Regulation) Rules, 1957, for listing and trading warrants. These amendments are effective immediately, and compliance is mandatory for all registered merchant bankers. The full text of the guidelines and amendments is available on the SEBI website.