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<h1>SEBI Sets Guidelines for Issuing Non-Convertible Debt Instruments with Warrants via Qualified Institutions Placement.</h1> The circular outlines guidelines for issuing non-convertible debt instruments with warrants under SEBI regulations. It specifies that such issuances can be made through Qualified Institutions Placement, allowing investors to subscribe to combined or individual securities. The SEBI regulations require the use of an Electronic Book Provider platform for efficient price discovery for the non-convertible debt portion if it exceeds a certain size. At least 40% of the total issue size must consist of warrants. The circular mandates compliance with specified SEBI regulations and exempts certain offers from specific regulatory requirements. It applies to all relevant issuances from the date of the circular.