SEBI 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

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:

1. On voluntary basis to public issues of debt securities and NCRPSopening on or after November 01,2024.
2. 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.