Bloomberg News

India Says Companies Need $20 Million to Issue Structured Debt

September 29, 2011

Sept. 29 (Bloomberg) -- Indian companies issuing structured debt linked to exchange-traded derivatives need a net worth of at least 1 billion rupees ($20 million), the Securities and Exchange Board of India said.

The face value of “equity-linked debentures” should be a minimum 1 million rupees, the market regulator known as SEBI said in a statement posted on its website.

--Editor: David Merritt

To contact the reporter on this story: Anurag Joshi in Mumbai at ajoshi53@bloomberg.net

To contact the editor responsible for this story: Arijit Ghosh at aghosh@bloomberg.net


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