SEBI vide circular dated September 26, 2024 has reduced the timeline for listing of debt securities and Non-convertible Redeemable Preference Shares to T+3 working days from existing T + 6 working days (as an option to issuers for a period of one year and on a permanent basis thereafter such that all listings occur on a T+3 basis).
The provisions of this circular shall be applicable:
- On voluntary basis to public issues of debt securities and NCRPSopening on or after November 01,2024.
- Mandatory for public issues of debt securities and NCRPS opening on or after November 01, 2025.
The T+3 timeline for listing shall be appropriately disclosed in the Offer Documents of public issues.
