Guidelines on issuance of non-convertible debt instruments along with warrants (‘NCDs with Warrants’) in terms of Chapter VI – Qualified Institutions Placement of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

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....02-2026 CIRCULAR SEBI/HO/CFD/DIL/CIR/P/2021/614 Aug 13, 2021 To All Recognized Stock Exchanges All Recognized Depositories Issuer Companies Merchant Bankers and Brokers registered with SEBI Dear Sir / Madam, Sub: Guidelines on issuance of non-convertible debt instruments along with warrants ('NCDs with Warrants') in terms of Chapter VI - Qualified Institutions Placeme....

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....ed to each other (stapled offer) or offered separately for subscription (segregated offer). 3. SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, governs issue and listing of non-convertible securities, on a recognized stock exchange and provides for Electronic Book Provider platform (EBP platform), offering efficient and transparent price discovery mechanism. 4. In th....

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....lations, 2021, and Circulars issued there under. 5.2. 'Warrants portion' of the issue shall be in terms of Chapter VI on Qualified Institutions Placement under ICDR Regulations, 2018. 5.3. Of the 'total issue size' of the issue, at least 40% size shall consist of 'Warrants portion'. It may be noted that 'total issue size' shall mean combined size of NCDs issue and the aggregate s....