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<h1>SEBI Updates Debt Securities Framework: Large Corporates Must Raise 25% of Borrowings via Debt by 2024.</h1> The Securities and Exchange Board of India (SEBI) revised the framework for large corporates (LCs) to raise funds through debt securities, effective from 2024. LCs must raise at least 25% of their incremental borrowings via debt securities over a three-year period. This applies to listed entities with outstanding long-term borrowings of Rs. 1000 crore or more and a credit rating of AA or higher. Incentives and disincentives are introduced based on compliance, affecting listing fees and contributions to the Core Settlement Guarantee Fund. Stock exchanges and Limited Purpose Clearing Corporations must implement necessary systems to support these changes.